The Collaborative International Dictionary of English v.0.48:

Jewelry \Jew"el*ry\ (j[=u]"[e^]l*r[y^] or j[udd]"[e^]l*r[y^]),
   n. [Cf. F. joaillerie.]
   [1913 Webster]
   1. The art or trade of a jeweler. --Cotgrave.
      [1913 Webster]

   2. Jewels, collectively; as, a bride's jewelry.
      [1913 Webster]

WordNet (r) 3.0 (2006):

jewelry
    n 1: an adornment (as a bracelet or ring or necklace) made of
         precious metals and set with gems (or imitation gems) [syn:
         jewelry, jewellery]