What does Ezekiel 28:13 mean?

'You were in Eden, the garden of God. Every precious stone decorated you—ruby, topaz, diamond, beryl, onyx, jasper, sapphire, turquoise, and emerald. Your settings and mountings were made of gold, crafted on the day you were created.' Ezekiel 28:13 - Modern Text Bible

(The king's former glory is compared to paradise, adorned with every precious stone, showing how high he once stood before his pride led to ruin.)