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Shopping for jewelry in Istanbul

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My husband and I are in Istanbul right now, and I would like to purchase a nice piece of jewelry for Matt's grandmother. The thing is, I'm not a jewelry wearer and I have no idea what to expect when I walk up to a jewelry store and try to bargain. I know this is a very broad question, but is it possible to spend around $50-60 USD on a piece of jewelry in Istanbul? If so, should I be looking for certain things in particular that would probably be in this price range, or better yet are there certain things that I should avoid?

The salesman are persistant once you ask questions, and I don't want to waste their time or mine on that "bargain $300 necklace".

Thanks!
Tracy

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