The Necklace That Pays for Itself: Palm Beach Shoppers Are Wearing Their Portfolios

Fine jewelry is having a moment that has little to do with red carpets and everything to do with common sense. Across Palm Beach's boutiques and benefit circuit alike, buyers of every budget are reaching for a bracelet or a pair of earrings not as an occasional splurge but as an everyday habit — and, increasingly, as a hedge against uncertain times. Even as gold prices climb to dizzying heights and the wider luxury trade cools, jewelry counters are the exception, drawing shoppers who want something they can wear to dinner tonight and still call an asset tomorrow. It may be the only accessory equally at home on a gala dais and in a safe deposit box.

With reporting from WWD.