"The investment is valued by supply and demand — mainly speculative demand.The jewelry market accounts for over 50% of gold demand, bullion and coin production account for 25%, central bank purchases, ~5%, with the remainder going to electronics and other industry.
However, unlike other commodities, the value of gold is less affected by consumption and largely influenced by the status of the economy."
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In 1st world countries, no - elsewhere, probably - yes.I doubt anyone on here buys jewelry as an asset.