The Holiday season is coming, and that usually means a few small packages will be purchased, and I'm talking about the kind that come in those velvet boxes - jewelry of course.

Are you planning to purchase some special jewelry gift items this season?

Or better yet, are you planning on receiving any jewelry gifts?

Unfortunately, according to a recent survey reported on Diamonds.net, don't count on it: " Higher fuel costs and rising inflation may impact overall holiday spending all together the report concludes. Two out of three consumers planned to reduce discretionary spending, Russell Research found after surveying 1,008 consumers. One in three specifically said they would reduce spending on jewelry, and 65 percent of respondents said they would either reduce or eliminate all together their spending across many product sets by year-end 2005."