[SolomoninSouthDakota]

Yes, though often the distinction is ignored.
Envy is a "material thing" sort of issue, eg the Jones' new car.
Jealousy is a "person thing" sort of issue, eg. jealous lovers.

[cornelis]

Envy is a "material thing" sort of issue, eg the Jones' new car.

Well, then we need to distinguish it from covetousness. And if you'll notice from Tax-chick's observation, Jones' new care is available. It isn't exactly outside our reach.