Diamonds 101 - Tips for Buying Bling-Bling on a Budget
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Diamond ring sales weather the economic climate. Photo: Corbis
Today the New York Times ran an article stating that there is a ripple effect among pinched consumers and the jewelry stores that supply them.
"The new frugality has forced diamond mines to curtail production, led to deep discounting at jewelry chains, spurred hundreds of store closings and resulted in job cuts at boutiques and department stores," writes Times reporter Stephanie Rosenbloom.
But don't breathe a sigh of relief just yet fellas, there's more to this story than you think! While the jewelery industry is suffering, Rosenbloom notes that, "the sales of diamond rings and wedding bands seem to be holding up."
Cue the wedding bells!
In order to investigate this notion further, we reached out to diamond trend expert Francesca Ferrante of the Diamond Information Center who gave StyleList a crash course on buying bling-bling on a budget.
Continue reading Diamonds 101 - Tips for Buying Bling-Bling on a Budget
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