### Clue: Tasteless jewellery pocketed by South American of high rank (6)
### Answer: STATUS 
 ### Explanation: Definition: of high rank
  TAT(tasteless articles, eg. jewellery, derived from "tatty",cheap and vulgar) **contained in**(pocketed by) S($$S$$outh) + US(United States,American).
Answer: Used as an adjective to confer a real or apparent elevated,high rank, eg. a status job, car or symbol.