One of my favorite fashion trends right now is the big, bold statement initial necklace. The fact that one piece of jewelry could alter your entire look is pretty cool. The power of the initial necklace is strong! Most statement initial necklaces – sometimes called “bib necklaces” – can be found in the fashion jewelry section of clothing stores or department stores and average around $20-$40. But, as with all great trends, there are rules to sporting the statement initial necklace.