Do you consider gold and jewelrry as an investment?

My wife and I were discussing this. She thinks that jewellry is an investment. For me its a luxury item. She said it does not lose value and it will appreciate in value. She said that a diamond bought by her mom a long time ago is now worth a whole lot more.

I consider gold and silver bullion as an investment. Gold and silver has been considered as money since the old testament. It has never lost its appeal.

What are your opinons?