Good Write, Mz Betty!

On that Bridge, I'd condense a bit:
"From the ashes of old, something new can be found" for Line 2.

V3's Line Sug: "..that went somewhere-astray" is easier-sung, JMO.

The Urge to Sug a TAG comes-strong:
"Most Days were Diamonds, but Here's a Sapphire-or-Two/
To round-up The Colors of My Jewelry Box Blues"

K-O-S it all, & Good Luck with a Nice Sweet Sad One, M'LadyChum!
Big Happy 4th of July Hugs,
Stan