At home w sick toddlers, so hoping I can finish this post.... Also, in sleep deprived fog so apologies for any incoherence.
Am in complete agreement with TheJump. Old money, new money, it's almost like the deserving rich and the undeserving rich. I have posted before about how I think the class system can be quite restrictive. Seems to limit social mobility (not good) and also original thought (if everyone continues doing the same thing due to class and expectations).
Re some traditions re Jane Austen etc, I wonder if those codes and norms were especially adhered to by women who actually had very little freedom and independence? Perhaps excluding / judging others was a comfort, a balm for a restricted, dependent life?
Yes re portability of wealth in jewellery - comment along those lines was made to me by an elderly French antique jewellery dealer - I imagine he has seen many instances of it being helpful in troubled times. Lots of instances of people fleeing their homes in Europe w jewellery secreted about them. Apparently in times of uncertainty, jewellery/gold becomes more valuable.
Which leads me to the investment angle. Jewellery can actually be a very shrewd investment, and it's interesting how various asset classes have performed differently over time. For example, another antique jeweller told me how an elderly couple were buying something from him and mentioned that after WW2, they had inherited a house. But couldn't afford the running costs and the house (in the English countryside) was a nuisance, with little value. So they sold it, and bought a diamond brooch with the proceeds. Looking back, now, not a good investment, but interesting to compare the value of a house to a brooch (which was worth about £10k now, although brooches are out of favour, so not achieving optimal prices). However, some blue chip shares and London properties (negative equity, anyone?) would have been a worse investment over the last 5 years than certain items of jewellery.
Anais - I haven't seen that program, but it sounds great.
Milly - Despite living in a conservative part of London for several years, I have, merely narrowed my taste in bling to Art Deco diamond jewellery. The unarguably refined Daphne Guiness wears her inherited pieces (her Deco diamond clips are divine), often with her commissioned Shaun Leane (sp?) diamond hand armour. Not at all understated, but quite wonderful and fun, IMO.
Re what is bling? It depends. I was thinking precious jewellery either with big stones (1.5 carats and above, I guess) or encrusted with many stones.
Do I assume bling is fake? Not usually, no.
Re africanexport - if you are buying bling purely as a ticket to somewhere (like Grace Kelly's mother in To Catch A Thief? I liked her character), and don't actually like it, why not buy good fakes from Carat?
My young daughters love sparkle, and are instinctively drawn to my jewellery, costume or otherwise. Perhaps it's human nature to love a bit of flash, but we cultivate / educate ourselves otherwise, sometimes?