Question

Women belonging to the wealthy sections of society take pride in owning and flaunting expensive diamond jewelry. In this example, expensive diamond jewelry is a:

Answer 1

Expensive diamond jewelry is a symbol of social status, a form of conspicuous consumption used to flaunt wealth and differentiate one's social standing.

Step-by-step explanation:

In the context given, expensive diamond jewelry serves as a symbol of social status and wealth, particularly among women of the affluent sections of society. This form of display can be understood as conspicuous consumption, where individuals acquire luxury goods to visually express their economic power and social standing. Just as in historical times, like with the Vikings, where the quality of jewelry could signify one's societal rank, modern expensive adornments like diamond jewelry continue to be a means through which individuals flaunt their wealth and differentiate themselves from other social strata.