Saffron rice is dubbed the most expensive spice in the world. Sometimes, I like to make a simple "Yellow" Rice by using a tiny pinch of Tumeric-- this gives rice a pretty yellow color, but doesn't add any flavor to the rice. It's a versatile way to make boring rice look pretty, with a variety of garnishes.
Adapted from foodiewife-kitchen.blogspot.com
Rinse the rice until the water is clear. Add the water or chicken stock, and tumeric, and bring to a boil. Simmer for about 20-25 minutes, covered. Remove from heat. Fluffy with a fork. If desired, add lemon zest and lemon juice and fresh herbs. Adding frozen peas gives the rice some contrast color, and you can sneak in some vegetables!