You can find more about it in the bundler website (emphasis added below for your convenience):
After developing your application for a while, check in the application together with the Gemfile and Gemfile.lock snapshot. Now, your repository has a record of the exact versions of all of the gems that you used the last time you know for sure that the application worked…
This is important: the Gemfile.lock makes your application a single package of both your own code and the third-party code it ran the last time you know for sure that everything worked. Specifying exact versions of the third-party code you depend on in your Gemfile would not provide the same guarantee, because gems usually declare a range of versions for their dependencies.