JEWELRY IS BACK Spring’s overall fashion direction remains similar to fall’s: the silhouette is slim and close to the body; the pants suit is the working woman’s wardrobe staple, especially with an elongated jacket; and the long, lean look is important for evening. New elements include an emphasis on knits, such as matte jersey; asymmetrical details, such as one-shouldered dresses and fish tail hems; and jackets with bias-cut openings. Sexy dresses with cut-outs and sheer, lacy chiffons were one of the main themes at spring/summer ready-to-wear collections in Europe and the U.S., but retailers are questioning whether such styles will play well with women who actually have to leave the house. The conclusion of many retail experts is that real women may wear lace, but it will merely peek out from under a jacket. Sheer will be lined or layered to skim and shadow the body, not show