No. Jewelry is not an item for which you can claim a deduction as a major purchase.
Common major purchases include:
- Vehicles
- Off-road vehicle
You can also include:
- Aircraft
- Boats
- Mobile homes
- Manufactured housing
- Building materials for major home improvements
These items are not considered to be major purchases:
- Furniture
- Jewelry
- Computers
- Televisions or other electronic equipment
- Items purchased for your business or rental property
