Investments come in many forms, which we've (hopefully!) shown throughout our "Investment" issue this month. But as Carrie Bradshaw once famously said: "I like my money right where I can see it: hanging in my closet." While the venerable Ms. Bradshaw might not be the best financial advice role model, there is something to the idea of an investment piece, especially when the purchase also supports a local jewelry designer. Gaga Murray, the founder of Gauhar Jewelry, is a Westporter, and her pieces are gorgeous, thoughtfully designed treasures with heirloom quality and nods to her Kazakh heritage. I love her whole collection, but anyone who knows me knows I am a sucker for rainbow-hued accessories, and this multicolored tennis necklace caught my eye as absolutely my kind of investment. It's made of green, yellow, orange, blue, and pink sapphires, plus pink tourmaline, morganite, amethyst, blue topaz, tanzanite, and peridot for the full Roy G. Biv spectrum. With a 7.0 total carat weight set in 14K gold on a 16-inch setting, it's the kind of piece I can truly see wearing anywhere, any time—and isn't that what a sound investment is all about?
Gauhar Rainbow Tennis Necklace, $6,870, at gauharjewelry.com