“Investment Grade”
So, yesterday Tiffany & Co. had a very good day in the market thanks to a jump in profit and an increase in their holiday outlook. Overall, I think when luxury retailers are doing well, it’s a decent sign for the economy. Lots of talk about it on CNBC and while they were covering it, a phrase came up that I can’t say I’ve heard when it comes to jewelry.
“They’re buying ‘investment grade’ pieces.”
OK, I like shiny things as much as the next gal, but for some reason, the idea of an “investment grade” piece of jewelry doesn’t conjure up a vision of something pretty and sparkly…