The State of Estate

Last year was a tough one for the United States. Americans continue to bite their nails over the struggling economy, the threat of terrorism, and the specter of war with Iraq. Amid all this anxiety, is there a place in the public consciousness for antique and estate jewelry? We asked wholesalers and retailers who specialize in that niche, and their response was favorable: Antique and estate jewelry enjoy steady popularity, they report. "There still is an active market out there of people looking for nice things, so we're not feeling that the market has fallen like the stock market," says Michael Kazanjian of Kazanjian & Fogarty Inc., Los Angeles. He believes there is a more-value-for-the-money perception of antique and estate jewelry, which benefits the market in tough times: "This type of an economic climate gives people a greater inducement to be more careful in their buying deci

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