Is Jewelry A Waste Of Money?

Photo: Graff - High Jewelry can hold its value if one is rich enough to buy (and insure) it.

Jewelry is an over-priced luxury item I can appreciate. I like leather bags, shoes, and clothes, but I love jewelry😍. Yet due to the great expense, I'm more of a browser than a buyer. First a dreamer then a realist I like to say! I can't afford the big flawless stones that cost 5 or 6 zeros. They're gorgeous and frankly, the cut, carat, color, and clarity I really want! Suffice it to say, I understand the appeal and the temptation, so I may be the perfect person to answer the question: Is jewelry a waste of money?

Photo: Brilliant Earth

In purely a practical sense, the answer is yes! Absolutely! 100%!! Waste. Of. Money!!! Jewelry is always a luxury item and never (or rarely) an investment. We don't need it, we buy it because we want it, but aside from aesthetics, it really serves no pragmatic purpose.

By limiting the supply of diamonds and clever marketing to create high demand {with its famous "A diamond is forever" 1947 slogan), DeBeers, the then monopoly diamond seller, was able to hike up the price of diamonds even though the stones are not rare, but quite common in nature. The high demand and high prices for diamonds are still with us today. Lab-grown diamonds will likely continue to lower their costs in the future.

Photo: Macy's

But it's not just diamonds, the markup on all fine jewelry is significant, however as soon as it leaves the jewelry store, and you own it, the jewelry loses its value. If you try to resale a necklace, bracelet, earrings, or ring, you'll rarely get what you paid for the jewelry. At best, the same jeweler who sold you the piece may offer you its wholesale price. What's more, to recoup a decent percentage of your money, you better be re-selling high-quality jewelry, i.e., flawless stones with substantial, perhaps 18k gold. There's no guarantee you'll walk away with a profit, and certainly not enough of a profit to rebuy the jewelry again. The rare exception is high jewelry (↑top image), as opposed to mid-priced jewelry. There are always high rollers with excessive disposable income looking for top-of-the-line high jewelry. High jewelry (including celebrity-auctioned estate jewelry) is its own niche. Average earners can't afford it.

 

Reselling expensive watches such as Rolex, Patek Philippe, or Tudor Pelagos can also exceed their original value if kept in like new condition (minus scratches) because enough people with deep pockets like to wear these luxury watch brands. 

Photo: Baby Gold

As it turns out, the skimpy a/k/a dainty or light chains, necklaces, bracelets, earrings, and rings are harder to resale at a profit due to less precious metal, demand, and their averageness. To boot, shoppers of 2nd hand markets expect to score bargains.

The true value of jewelry is its beauty along with its sentimental value. A little glitter can complete or add pizzazz to an outfit. Sparkle can make us happy or remind us of the person who gave us a lovely gift out of love ... which is not a waste of money. 

I'd never discourage anyone from buying fine jewelry ... a few curated pieces (within your budget) as things of beauty. Adding some flash to your life should make you feel happy. Just don't tell yourself it's an investment.

Photo: Van Cleef & Arpels 

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#Short: Bad Bunny's Dark and Sparkly Style

Last night Saturday Night Live's host and musical guest, Bad Bunny (Benito Antonio Martínez Ocasio) caught my eye with his dark and sparkly style during his performance of the song, Monaco.

His latticework vest made of glittering crystals against his black long-sleeved top and smooth, black, leather, boot-cut pants stood out. The pants were fitted and cozy, as opposed to foolishly tight. 

Then I wondered about his shoes. They were causal smart, black leather boots with pointy (?), narrow toes, and thick elevated heels.

It's a no-brainer, I loved his drop diamond earrings which you can see, as well as, his bracelets and rings which you can't see in the posted photos (but could on a big television screen).

No element was overdone. With the perfect ratio of dark to shimmer, the rapper has an edgy and glamorous style that is Savvy Shopper approved! Not saying Bad Bunny needs my approval, but Savvy Shopper-admired doesn't have the same ring to it, (and spell-check keeps correcting it to the former anyway:). Now where on planet earth can we get Bad Bunny's vest!?!

What's your favorite piece of Bad Bunny's ensemble? 

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Diamond Prices Are Crashing

Photo: istock

As much as I love jewelry I've always known the price of gemstones is arbitrary to a great extent. Jewelry is as much of an overpriced luxury item as Hermes handbags, Manolo Blahnik shoes, or Dior pants and coats. They cost what consumers are willing to pay for them. Never think of luxury items as investments but to be enjoyed as things of beauty only. The value of luxury goods is driven by want not need. If you covet investments, take your money to an investment firm to buy stocks, bonds, and mutual funds, where you'll earn returns on your portfolio. You're lucky to break even by reselling luxury goods after you subtract a 15% - 20% commission.

Photo: That Guy Osiris - I'll take them!

So I'm happy to report an exciting development in the diamond market! In 2023 diamond prices are tumbling down -- about 23% for 1-carat stones and about 15% for 3-carat stones -- according to experts who watch diamond prices such as That Guy Osiris, an ex-diamond trader who has a YouTube channel. 

The reasons for the decline in diamond prices are several: 

(1) Monopoly diamond sellers such as DeBeer aren't as powerful as they once were in setting diamond prices high combined with limiting the supply of gemstones on the market. 

Photo: istock

(2) Nowadays the demand for diamonds is less. Not every bride in 2023 desires an engagement ring. Some wish to put their $7,000 - $15,000 earnings elsewhere such as for a downpayment on a house or car. Millennials are more interested in spending on travel and experiences than buying diamond rings.

(3) A main reason why the price of diamonds is sinking is the greater acceptance by the public of lab-grown diamonds which cost about 1/3 less than diamonds mined in nature. Diamonds created in a lab are chemically and optically identical to natural diamonds.

(4) The process of making laboratory diamonds is getting better and cheaper all the time, and more companies including jeweler James Allan are offering them. According to Liberum Capital Markets, about 25% to 35% of diamonds sold to customers today are lab-grown diamonds.

Photo: That Guy Osiris

5) That Guy Osiris says that industry leader DeBeers is responding by discounting its prices for 2 - 4 carat rough natural diamonds. Recently prices for uncut natural diamonds have dropped from $1,400 a carat to $850 per carat to be competitive with lab-grown diamonds.

All of this is a win, win, win for customers! If diamond prices keep falling, one day I'll be able to afford my fantasy 4-carat stud diamond earrings (that's 2-carats each ear, sister!!), my 20-carat diamond blingy tennis bracelet, and my 5-carat diamond solitaire ring ... no engagement needed!

Diamonds By Bonnie - has an Instagram and a YouTube Channel

I don't care one iota about the lesser monetary value of lab or natural stones as long as I'm not charged for it. Just give this glitter-loving girl her diamonds! I'll start with that big brilliant round diamond at the top of the blog and the pear-shaped diamond ring at the bottom! We can add my fantasy diamonds to my collection later.😉😂

If in the future diamonds cost less, would you value them less?

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Stylish Sporty Fall Finds

No doubt about it, fall has arrived in the Western Hemisphere. With a change of seasons, perhaps you need to add a few new casual pieces to your fall wardrobe? Old Navy is located a couple of blocks from where I live, so it's impossible not to float into the store often when passing. I continue to be amazed by the quality of the retailer's leggings at ultra-affordable price points making them a steal! 

The merchant tends to tweak their offerings from year to year so when you find a style you like and they go on sale, it's a good idea to buy a few pairs. You may prefer mostly cotton fabric but next year find mostly polyester or modal as choices. The waistband may change or the flare could be discontinued.

To the left are all the selections of leggings this fall, which consist of different styles, textures (meaning weaves and fabrics), and lengths. 

Although 8 offerings require studying each one, a good selection is great for different body types or activities. Two Old Navy leggings I love right now include:

1) High-Waisted Ankle Leggings For Women - Although I prefer jet black, there are other colors too. They sit just below the belly button and are 96% cotton and 4% spandex. Super soft and smooth for comfort, and opaque. Lightweight yet not see-through, I highly recommend them for fall and early winter. They are warm, but not too warm for the sometimes 75-degree F days of autumn. They are fitted through the hips and waist and narrow at the ankles. At times I wear these smooth and lightweight leggings with black ankle socks under a dress in winter instead of tights for warmth with comfort, and nobody is the wiser!

2) Extra High-Waisted PowerChill Leggings For Women - They sit slightly above the belly button and contain 53% cotton, 22% polyester, 13% modal, and 12% spandex. These are light and airy, but also a tad heavier than my 1st recommendation above. Great for Pilates, yoga, or a workout. They are fitted at the hips and thighs and narrow at the ankles. The fabric offers 4-way strength with stay-dry, sweat-wicking technology. They also have an elastic waist that has an inside pocket. Unlike pair #1, they'll be warm enough to take you through the winter months and in the jet-black hue can be dressed up with ballet flats and a blazer. They also come in shorter 7/8 lengths.

3) Dr. Scholl's Women's Time Off Platform Sneakers - I'm recommending these with caveats. Not only are they cute and feminine with leggings, jeans, and dresses, but the platforms provide a measure of arch support and stable heels. Customers love how comfortable they are for walking. For sneakers they are also well priced, but here's the rub ... customers report if you wear them a lot for walking, they won't last longer than 6 months to a year. The shoes' material tends to separate from the rubber, so don't pay the full retail price but wait for a generous sale. I'd buy the Time Off Platforms on sale for $40, but not at $69 or $100. Even at the lower price, I'd be disappointed if they didn't last. To be competitive, Dr. Scholl needs to resolve this manufacturing weakness to make these stylish and supportive sneakers as durable as Nikes and Converse! Sneakers are made for walking … but sometimes a cute style we know to baby is tempting, no?

So there you are, 3 sporty styles to take you through the fall while leaving you with a few dollars to put in your leggings' hidden pocket.

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Active Wear For Home or Play

Since the pandemic forced us to stay at home for 2 years to work and play people are dressing ultra casually when they leave the house. Although I see people wearing questionable sweats, loungewear, and what resembles houseshoes even in Midtown Manhattan, overall casual attire is more good than bad. In fact, I'm a huge fan of a casual smart appearance. When we match colors, stick to neutrals and complementary colors, we can dress in comfort and still look like we care ... like we've made an effort before leaving home.

The following are 5 wardrobe pieces people on Amazon and elsewhere overwhelmingly love. Based on many 5-star reviews each piece is super comfortable to wear at home; to the gym; or to run errands around town including all the way to Midtown Manhattan:

Casual Smart Comfort for Home, Gym, or Running Around Town:

1) Hoka Ora Recovery 3 Slides - Runners began wearing these after long or tough races to support and help their feet recover. They cushion and let your feet breathe.

2) Colorfulkoala leggings and yoga pants - I'm always bookmarking leggings and yoga pants that get rave reviews at a fair price. Colorfulkoalas come in several styles, lengths, and colors, including shorts. With 48,000 Amazon reviews, customers say they are dupes for some of the higher-end more expensive activewear. Personally, I lean towards cotton with a small percentage of spandex leggings, but these are praised as buttery soft with 4-way stretch and sweat-wicking technology. I'd compare them to Uniquo's Airism technology and their cost is far below Lululemon, Athleta, and GAP. For casual work meetings, I'll pair black yoga pants and a cotton t-shirt under a well-fitted wool blazer with ballet flats and nobody is the wiser. The trick is not to dress casually from head to toe but to mix casual pieces with fitted pieces and classic shoes.

3) Filoto Running Belt Fanny Pack - I have never liked the look of fanny packs, but this one is stylish and still holds your phone, cardholder, keys, and cash. So you really can leave your bag at home. The fanny pack is unisex to fit the waists of men or women. IMHO it looks more like a sleek accessory than a fanny pack.

4) Uniqlo Airism tops - for men and women - Wisks away sweat, there are several styles and a wide assortment of colors. Some have built-in bras, and others have a dominant percentage of cotton fibers.

5) Hoka One Sneakers - For running, walking, and playing. They're as popular as Nikes on the streets of Manhattan. Everybody seems to be wearing them.

If you pair the right neutrals and complementary colors you can dress in comfort without needing to change your clothes if you stay home; exercise; or roam away from home.

 

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Shoes For Paws

Photo: Rover - which is linked - gives you 15 best dog boots to buy.

In winter the local news in Manhattan sometimes airs stories warning the public of the harm salt used to melt snow on sidewalks can do to their dog's paws, so it is not unusual to see a few dogs wearing boots. But now I see it also in August and September. Shoes on dogs have definitely caught on with pet owners this summer, and it's understandable.

Photo: Rover

As great as New York City is, the sidewalks and subways can be very, very dirty. In response, I'm one of those annoying people who ask guests to remove their shoes in my apartment. I buy extra houseshoes to offer visitors who'd prefer not to walk around in their socks, but few folks let on that they mind the "sockhop." when entering my place. My guests who accept my houseshoes get to take them home as a gift after their visit. I think if you're forward enough to ask people to remove their shoes in your home, giving them footwear is a thoughtful gesture. You won't catch them off-guard with holes in their socks, plus you want your guests to feel taken care of and comfortable in your house. You can buy inexpensive hospital booties at the dollar stores to have a supply on hand.

Photo: here

It turns out that people who study germs think removing our shoes inside our homes is ideal! Studies have found shoes bring an astonishing amount of poop bacteria into New York City buildings, so I don't think we who live here are defacto germophobes. We just have common sense.

If [still] a pet owner, I suppose I'd extend these findings to my dog's paws in cold and warm weather. More and more, it seems like a good idea in a high-traffic city for several reasons! 

Photo: Amazon

Think of it this way: When popcorn drops on your rug while watching a movie, you don't have to worry about picking it up to eat it! Moreover, Fido is in the habit of licking his paws. Yes, it's true he also licks his own butt -- but IMHO spreading germs is a numbers game, so let's limit him right there to spreading his own bacteria throughout your home! For sure, think about keeping the other bacteria from God-knows-where-and-God-knows-what out of your living space. The idea is not to avoid common household germs but all the foreign germs we don't want to know about!😳

Sidewalks also get hot and at times there's broken glass or sharp objects to potentially cut paws. 

In a pinch, I've read ... you can outfit your dog's paws with 4 rubber balloons. but more permanent shoes made for dogs are relatively affordable. Some are for dryness and others for warmth. Here are tips on training your dog to wear them.

Please weigh in: If you bring your dog to a major city with lots of foot traffic, the sources of germs, would you adorn him with cute little shoes?

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Tapestry Owner of Coach Is Buying Versace

Although I examine and admire many luxury bags I don't own any such as Hermes, Chanel, or Louis Vuitton. I'm a lover and owner of 5 Coach bags.

 

As it turns out Tapestry, Coach's parent company, is buying Capri Holdings, the parent company of Versace and Jimmy Choo, brands that position themselves as luxury goods. On the other hand, Coach since 1941 has always marketed itself as a fine leather goods company, not a luxury brand despite the stellar craftsmanship of its fine leather goods, and I hope with the acquisition of its new luxury targeting holdings Coach never lowers its own standards or raises its prices. Time will tell. Some well-known luxury brands in spite of hefty price tags aren't made as well as Coach!

Among its inventory, Coach offers several totes of different sizes and leathers. The Rae Tote is my newest favorite. At 11.1"H x 13.1"W x 5.1"D it's the perfect size to carry all our essentials including a 13" laptop, and yet it's compact and more roomy than enormous. I'm also hugely fond of its glovetan leather, named after the leather used to make baseball gloves. It has 2 inside slip pockets to hold smaller items plus a removable leather zip pouch and crossbody straps. The inside lining is suede. The handles are made to fold on the interior or exterior of the tote and when folded cleverly form 2 perfect "C"s for Coach!

Nothing about the Rae Tote gives me pause except its $750 price tag. Priced well below luxury bags, customers get superb quality and craftsmanship for the money. Still yikes! I want this one more than truly need it, and knowing that a change is coming ... oh Coach lead me not into temptation!👺

Let's hope and pray Coach stays Coach, a fine leather goods merchant outside the luxury market, and its bags won't double, triple, quadruple, quintuple, sextuple ... decuple in price!🙏🙏🙏

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Pretty Things Borrowed From The Internet

The following are pretty things I love but either can't afford; don't truly need; or for the sake of practicality won't buy them. I love big blingy diamonds but can't justify spending 36k plus on a single piece of jewelry, and I don't need more dresses or sandals. Still, I love them all:

The top👆image is a ring designed By Bonnie Jewelry, as a gift for her Hong Kong mother. It's a 3 1/2 carat center pear-shaped diamond with two 1/2 carat accent pear-shaped diamonds. They are D-grade diamonds. Unaffordable for us average Janes ... yet stunning! The ratio of the center pear shape is ideal. The cut for a pear doesn't get any better, and you will pay a mint for it if you aren't Bonnie's mother!

Unlike the diamond ring, Crown Princess Mary of Denmark's Moss And Spy Elodie dress is affordable for a gal with a job. The high-lacy neck and A-line skirt look lovely on her! I try not to buy what I don't need and really have no upcoming events to justify buying a new dress, plus I have suitable dresses if an occasion to wear one pops up.

At 1st glance, Birkenstock sandals are quite ugly, but everybody is wearing them on the streets of Manhattan and I'm told they are ultra comfortable. Yesterday a woman told me she haven't taken hers off since buying them. Averaging $145 for leather, they run up to $200. Can so many people be wrong? If you walk miles and miles on city pavement with arch support and stability, ugly becomes beautiful!

If I go far from home on foot, I don't wear sandals. All summer long I wear Old Navy $2 flip-flops, inside my apartment only. I already own a supportive pair of Merrell sandals that I wear if I travel by car, or walk short distances. Birkenstock sandals would be worth the cost if its contoured arch support lets you walk all over town with ease. For sure your feet are worth investing in to prevent foot problems! Certain colors go on sale for $72, but I'll pass until I need a new pair of sandals.

Nice things, eh? That pricey diamond ring makes me wish I were either Bonnie's mother or Kim Kardashian, otherwise, I'm happy to be me!


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Mott And Bow Jeans

Mott and Bow Jeans began as an online retailer for men, but the retailer now also makes shirts and jeans for women. 

Founder Alejandro Chahin is from a Honduran family of denim manufacturers, from whom he learned the business, and as an adult, he started Mott and Bow with the aim of making premium jeans at a fair price. 

According to its website, the company uses the finest denim from the best mills around the world. It sticks to simplicity and controls the entire manufacturing process to reduce waste and control costs.

Priced at $99 - $129, Mott and Bow's jeans are popular and have many glowing customer reviews. Most of the styles are 98% cotton with 2% elastane for stretch. 

The jeans come in several fits including straight, slim, and skinny. They are stretchy and breathable for comfort. They also come in multiple washes. The website walks you through the process of finding your perfect style, fit, and size, plus if you fail to get your fit right, there are instructions in your package on how to exchange your jeans (with free returns).

What caught my eye were the many positive reviews written by journalist reviewers, as well as, satisfied customers often mentioning the comfort of the jeans at a reasonable price point.

Explain: Why do men's clothing and shoes tend to be sturdier and better made than women's? Not to mention the sizes are more precise. Do we all not need quality, affordability, and a good fit?

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#Shorts: Platform Shoes

Take a good look at the impractical shoes of youth. I wore them once upon a time. Platform shoes are a hazard. With elevation, you have little control when losing your balance. If the side of your platform steps on a pebble, you're going down!

Undeniably cute. Funny, I don't toss them as I tend to be a discarder (I know ... a made up word, but it fits), not a collector.

Alas, I've now joined the sensible shoes set!

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The Savvy Shopper Is 14 Years Old Today

Fourteen years ago, I published a blog with no idea of what I was doing, and here I am still writing it. A Facebook friend's birthday is March 3rd, and it's how I remember the blog's beginning. The year 2009 was also the year her daughter was born, and now her little baby, Fiona, is a teenager. Back then, I thought, oh now she has a baby and I have a blog!😳 Although nobody can tell, we adults are also 14 years older.

By design, many of THE SAVVY SHOPPER'S blogs aren't dated so you can catch up by reading old posts and still be informed or entertained. The blog is structured as an electronic lifestyle magazine with a focus on good decision-making while living on a budget. On occasion, I do write about trends or current events with the awareness the posts will date, but then they become a record of our past. 

Many things in life get better with age, wine, cheese, leather shoes, friendships, and hopefully blog posts. 

Thank you, dear readers, for stopping by. I love hearing from you whether by email, in the blog's comments, on Facebook, or on other social media. Let me know what you'd like to see me research and write about in the future, and I'll do my best to cover it! XOXO💋

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J. Crew Factory For Less

 

Nowadays you don't have to live near a physical plant to shop there and it's a good thing that can save us money on a few essentials, not to mention expand our choices of goods!

My senior mom needs a few basics so I ordered her a neutral-colored 100% cotton cardigan and several 100% cotton colorful t-shirts from J. Crew Factory, where apparel goes after it gets pulled from J. Crew stores, usually reduced by 40% - 50%. Half-price or nearly so rocks, and it doesn't get much cheaper at this retailer.

I selected a navy blue sweater for versatility and 5 t-shirts in hot pink and vivid blue. 

The retailer is on a Better Cotton mission to help cotton communities survive and prosper while protecting and restoring the environment. Therefore 30% of the fabric of its garments is made using re-imagined sustainable cotton. 

Perfect for the chill of spring and fall, mom's cardigan is lightweight yet a substantial knit, well-made, and super soft. A classic silhouette, it's not too boxy or tight, and the fit is true to size -- thankfully as I wanted to avoid exchanges. Customer reviews are a helpful guide on size.

Just what I envisioned for her and she loves both the sweater and t-shirts. They match her navy activewear cotton trousers! My first online purchase from J. Crew Factory got the job done without breaking the bank! The merchant's basics are flattering for women of all ages!

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