Jewelry not likely gift this holiday season
Survey by Money Magazine and ICR also shows reluctance to spend big.

NEW YORK (Money Magazine) -- Just one in seven Americans (15 percent) plans to purchase jewelry this holiday season, according to the findings of a new survey by Money Magazine and market-research firm ICR.

A similar number are undecided.

Neither sex was more likely to make a jewelry purchase (just 15 percent of men surveyed and 14 percent of women), but considerably fewer Americans ages 55 and over indicated they would be buying jewelry (4 percent versus 19 percent for those under age 55.)

When asked how much they would ever spend on a single piece of jewelry, more Americans would opt for a less expensive item, with two-in-five (41 percent) indicating the most they'd spend is less than $250.

Those with household incomes $75,000 and above were most likely to make a jewelry purchase above $1,500 (41 percent of those polled) as were younger Americans (30 percent of those under 35 years old) and those with at least a college degree (27 percent).

Approximately two in five Americans (42 percent) would substitute less-expensive metals - such as palladium, titanium, or stainless steel - for gold, silver and platinum. Forty-five percent would not make substitutions.

The Money/ICR poll was conducted by telephone with a sample of 1,010 Americans between Aug.16 and Aug. 20 . The margin of error was plus or minus 3.1 percentage points.

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.