Slideshow: The Real Cost of Mardi Gras

By Yvette Romero - 2012-02-17T20:56:10Z

Photograph by Julie Dermansky/Corbis

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Mardi Gras bling is everywhere. Krewes commission jewelry based on their theme for Mardi Gras and present the jewelry as party favors at the balls, says Day. The Kings and Queens of the Krewes also buy jewelry for the court, and of course, visitors buy everything from pins and necklaces to diamonds. At The Mardi Gras Spot, a Metallic PGG Heart Necklace costs $1.75, but prices can go much higher. According to Weiss, $1.2 million was spent on Mardi Gras jewelry in 2011.