Let's see, if I had a job, and the ability to save up for a piece of jewelry, I'd probably buy 2 or 3 of the David Yurman station bracelets in garnet and pave diamond.
I'm saving up for a pre-owned solid gold Rolex Submariner with black dial. Partway there, I have even stopped buying purses to attain this goal - and am selling some things, too.