Are diamonds the ultimate recession buy? Recent data seems to suggest that our current economic turbulence is sending some Americans to the jewelers. Fine jewelry sales are expected to sparkle this holiday season, outshining much of the rest of the retail sector -- which is projected to generate just so-so sales, said Dr. Michael Haydock, retailer analytics leader for IBM (IBM). Jewelry could be getting a lift from strong luxury sales, as wealthier consumers continue to shop. But industry...Diamonds Are ... Prudent? Why Jewelry Sales Will Shine This Holiday Season originally appeared on DailyFinance.com on 2011-10-14T15:30:00Z.
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