A September study of well-to-do U.S. households conducted by American Express Publishing and the Harrison Group found that 27% intend to cut back on jewelry purchases by an average of 59% this year. Only 4% of those polled plan to increase jewelry spending. Jewelry Television thinks new high definition TV offerings, more generous payment terms and an increase in programming designed to appeal to a younger audience will help it weather the downturn. Still, the company is not expencting to improve on last year’s sales of roughly $500 million. Israel Diamond Industry Portal Oct. 7, 2008
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