Quoting Commentary for I Kings 10:11

וְגַם֙ אֳנִ֣י חִירָ֔ם אֲשֶׁר־נָשָׂ֥א זָהָ֖ב מֵאוֹפִ֑יר הֵבִ֨יא מֵאֹפִ֜יר עֲצֵ֧י אַלְמֻגִּ֛ים הַרְבֵּ֥ה מְאֹ֖ד וְאֶ֥בֶן יְקָרָֽה׃

And the navy also of Hiram, that brought gold from Ophir, brought in from Ophir great plenty of sandal-wood and precious stones.

Rashi

algom wood In Pesikta it is explained: One verse (I Kings 10:11) says אַלְמֻגִּים, and one verse says אַלְגּוּמִּים. The truth is that its name is אַלְגּוּמִּים, but it is called אַלְמֻגִּים because it melted and bent because of its softness, (like cups, which bend because of their value.)
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