Net Net: Promoting innovation and managing change
Net Net: Promoting innovation and managing change

Bling Bling, Baby

CNBC

Yeah, I had a million bucks on my hand yesterday morning on the set of “Worldwide Exchange.”

Andrew Block, COO of renowned Jacob & Co. Jewelers, brought it for me. Notice that I say “brought” it, not bought it. I wish I could say it was a gift (perhaps for Bastille Day? or a Happy Monday?) but, alas, it seems diamonds are not this girl’s best friend.

But they are still a huge draw for some, Block said, and despite the recession consumers continue to shell out for high-priced items. The spending pulse index rose to 8.2 percent in June, which is also peak season for weddings and anniversaries and which may have helped boost growth and luxury sales and jewelry sales.