BUSINESS ABROAD: Fit for a Queen

Rarely since her Coronation has Britain's Queen Elizabeth been photographed without earrings. Thanks to the quickness of English women to copy the Queen, Britain's jewelers, long pinched by heavy excise tax (now 75%), are enjoying a new flush of prosperity. Sales of London's Cohn & Rosenberger. Ltd., one of Britain's largest earring manufacturers, have soared about 400% this year. So widespread is the earring fad that in Birmingham, center of the trade, some factories have fallen nine months behind demand, and one has stopped making everything else to catch up.

At first, stud and hoop earrings were the fashion; now it...

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