Jewelry is a big part of fashion industry and it has enjoyed quite a run on the Fashion Week catwalks for the last two seasons. However, the fall 2009 jewelry styles were visibly more modest this year.

Amy Goodman, fashion trend director for Timex, observed that recession was clearly on designers' minds. She said: “Either they made the clothes really wearable and thought of what women wanted and needed, or they did fantasy pieces, so that if a woman was going to invest in a piece it would be truly outstanding."

Top designers accessorized their models with massive, armor-like necklaces in metal gray and oxidized-gold colors. The necklaces were usually layered and featured a softer, draped look.

While drop earrings were occasionally seen on the runways, such sightings were more of an anomaly for fall. "There weren't a lot of strong statements in earrings," Goodman says. "Where you would see a lot of shine and sparkle on the ears [in the past], you're seeing it on tights."