I've actually already seen this trend over the past year, less jewelry but each piece that is worn is big and bold - one big bracelet, no necklace but super long earrings.

While I personally don't feel comfortable in really large jewelry pieces, for that special occasion - red carpet affair for example, it does make sense because of the dramatic statement a few large jewelry pieces can make.

National Jeweler reports that this big, bold jewelry trend will become even more big in 2008:

Wearing less jewelry pieces is more when it comes to the top jewelry trends for 2008, but the key ingredient for trend-setting fashionistas is larger, bolder styles that are gem-intensive.

That advice comes from Jesse Chao of Gems by Chao, a leading Houston fine jeweler. Chao specializes in advising her gala-minded clientele-a mix of socialites and philanthropists-and matching fine jewelry to their personal style.

In a statement, Chao said women who are already planning to attend galas will be wearing less fine jewelry but adorning themselves with larger, more impressive pieces, for a classic "Grace Kelly" look. Consumers can get the look by wearing a single, diamond-studded cuff bracelet or a one-of-a-kind cocktail ring, for example.

Big, bold gold jewelry from Hellmuth.