Own items of jewellery - that's foolish talk (9)

I believe the answer is:

haverings

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'jewellery that's foolish talk' is the definition.
I know nothing about this answer so I cannot judge whether this works.

'own items' is the wordplay.
'own' becomes 'have' (synonyms).
'items' becomes 'rings' (I am not sure about this - if you are sure you should believe this answer much more).
'have'+'rings'='HAVERINGS'

'of' is the link.

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I've seen this clue in The Independent.

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