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'Gatsby' Is Back, and So Is Its Jewelry for 2012

Art Deco pieces
Look for Art Deco rings and earrings to fly out of jewelers' display cases this year.

Gomelsmky expects pieces to feature square- or baguette-cut diamonds, with ruby, black onyx or green jade serving as "accent" stones.

"Art Deco has a real sense of sleek, sophisticated modernity to it," she says. "It isn't a very flowery style."

Blackened oxidized silver
Yellow gold is still tops for fine-jewelry buyers, but high prices have boosted the popularity of "blackened oxidized silver" -- silver deliberately left unpolished so that it oxidizes and turns black.

"Blackened silver has got this ethnic, edgy vibe that looks very 'current,' " Gomelsky says. "It's very popular right now."

The expert thinks buyers will particularly snap up blackened-silver pieces with gold accents, as well as gold pieces with blackened-silver accents.

"Both are a very cool look," she says.

Gomelsky says wearing multiple bangle bracelets on the same arm is "a very big trend right now."

High-end bangles made of precious metals and diamonds are hot, but so are combinations of expensive bangles and low-cost, costume ones.

"There's a new crop of super-cool bangles that feature gemstones, cutouts, cusps that enclose your wrists or even mixed metals like blackened oxidized silver with gold," Gomelsky says. "They all look really good together -- very modern and fresh."

Semi-precious stones
Expect blue semi-precious stones such as turquoise, labradorite and lapis lazuli to sell well this year, along with green gems such as chrysoprase. Gomelsky also sees multicolored and "orange fire" opals taking center stage in 2012.

"Colored semi-precious stones don't offer that classic [fine-jewelry] look, but they're gorgeous and are orders of magnitude cheaper than diamonds are," she says

Black and brown diamonds
These two stones look great but typically cost less than traditional white diamonds, making them popular choices in today's tough economy.

"Black and brown diamonds can be just gorgeous and just beautifully suited to the jewelry they're in," Gomelsky says.

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