For me it's definately LV bags over jewelry! I have a nice watch, nice earrings, two nice bracelets, three nice pearl sets and my wedding/engagement rings. That's all I need in the way of "good" jewelry, the rest I wear is necklaces for different outfits from accessory departments of stores (e.g. H&M have great stuff). I believe that good jewelry, although lovely, "dates" really easily and can look out of fashioned quickly. Hard to resell as well because jewelry is very much personal taste, not mainstream. That's why I stick to the classics/basics & keep it simple. Whereas LV bags are always in fashion LOL, easily to sell and never look out of place!