Crossword Genius

Earmark handler for stolen jewellery? (4-5)

Ross

I believe the answer is:

ring-fence

I'm a little stuck... Click here to teach me more about this clue!

'earmark handler for stolen' is the definition.
I know nothing about this answer so I cannot judge whether this works.

'jewellery?' is the wordplay.
I cannot quite see how this works, but
'jewellery?' could be 'ring' (ring is a kind of jewellery) and 'ring' is located in the answer.
The remaining letters 'fence' is a valid word which might be clued in a way I don't see.
This may be the basis of the clue (or it may be nonsense).

Can you help me to learn more?

(Other definitions for ring-fence that I've seen before include "Complete barrier" , "Encircling barrier" , "Protect or guarantee - with circular hedge?" , "Barrier completely enclosing an area of land" , "estate security" .)

I've seen this clue in The Independent.
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