The song is about the recognition and appreciation towards a special person whom the singer considers wonderful, flawless, and sexy.
The singer wants to show the person how special they are and encourages them to see themselves as he sees them.
The chorus emphasizes the person as a treasure and the singer believes that she can fulfill his wishes if she allows him to appreciate her.
The singer expresses his desire that the person should be happy and not sad or downcast.
The song ends with the repetition that the person is his treasure and he adores her, making it an anthem to the beauty, uniqueness, and worth of a loved one.