What bothers you more about this then any other luxury a person may
spend on?
What about a person who spends $65,000 on a car rather than $28,000? The difference is much greater. And in all the extra is depreciated in three years, this will retain some value based on the price of gold. What about someone who spends $45,000 on a watch? What specifically bothers you about this more then anything else?
There was a blogger who made an issue of this a number of years ago (This is not a new item) and of course his biggest problem was that it was for something used for a mitzvah. He had no issue with people going on $45,000 vacations or spending $120,000 on a Mercedes. He was making an issue of gaavah in spending this type of money on a mitzvah. The Mercedes is not gaavah, only a becher is in that blogger’s mind.
Well I say, if a person has the money why isn’t better that he spends on something showing chashivus for a mitzvah and will become a family heirloom rather than on stam fleeting gashmius.
Often times the people who make the biggest of issue of this are those who cannot fargin someone or those who cannot tolerate spending on something relating to ruchnius when they can spent it on pure decadence.
Why don’t you link to a jewelery store item?