Costume jewelry became known as "costume" jewelry because of its use in stage costumes. Like its use on the stage, costume jewelry is a fashion accessory that is meant just to look good. It is often made of materials that are not considered valuable including glass, plastic and base metals. Gem stones are generally synthetic look-a-likes. Unlike precious jewelry, costume jewelry shouldn't be considered to be an investment but some pieces may be considered worthy of being called a keepsake. Coco Chanel may have been the most recognized designer of costume jewelry pieces, but Kenneth Jay Lane created costume jewelry pieces that may have been among the most recognizable pieces. For instance, Lane created the three-strand pearl necklace worn by Barbara Bush at the inaugural ball. Vintage pieces of both Coco's and Lane's work sell for top dollar at top auction houses in New York including Christie's and Sotheby's.
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