Jewelry Market Update

In a Downturn, Jewelers Aren’t So Precious. 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 (NYT). The half-carat is the new three-carat (Hayley Corwick). Spot on.