In this economy, many consumers would rather keep their money in their wallets than on their fingers, necks or ears. As people re-examine their budgets, jewelry is turning out to be one of the easiest places to cut back — or trade down.
“The half-carat is the new three-carat,” explains Lila Delilah of Madison Avenue Spy, a blog about designer sales.
Yet the understandable penny-pinching by consumers is putting a painful squeeze on the jewelry industry.
Click here to read Stephanie Rosenbloom's full article, Not Too Precious for a Recession.
Have you cut back on your jewelry spending? Let us know how in the comment section below.
5 comments:
Cut back on spending----no---just spending more wisely. There are a lot of good jewelry bargains out there and "cash is king"--what store is going to turn down a lowball, but reasonable, $ offer if the buyer has the cash in hand??
I am glad that I got my two carats years ago.
Jewelry, yes. I've decided now is the time for only costume.
Shoes, no. I can't give those up!
My sentiments. Thanks be go God I got my ROCK 4 years ago when people were still getting bonuses and money wasn't so tight. That's how my fiance afforded my beautiful engagement 2.75 carat ring.
I feel sorry for anyone getting engaged this year. It's all about scrimping and saving.
Jewelry has never been my thing. A few nice real pieces and I'm good. I could go years without buying any. Bags and shoes however is another story...
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