This.
Never buy jewelry as an investment or with the intent of someday passing it on to heirs because the next generation will have their jewelry preferences and probably won't care for ours.
These days I only buy jewelry I can enjoy wearing in my every day life. The special occasion pieces spend too much time in the safe and don't get nearly enough wear to justify the cost.
I don't buy jewelry that's so expensive I'm going to be heartsick if it's lost. Because jewelry is easily lost. I've lost a lot of jewelry over the years, and I suspect most others have too. My mom worked in a high school and the amount of lost jewelry that was turned into the school office was astonishing. And that was just the stuff that was turned in.
That said I think it's important to every once in a while splurge on a piece you love and then wear the heck out of it, heedless to the fear of losing an expensive piece of jewelry. Because life is short.
Love this....life is indeed short...no matter how expensive a jewelry is, use it often..to heck with the scratches..