noun
General term for decorative personal ornaments, including necklaces, rings, bracelets, etc.
彼女は誕生日に宝飾品をもらった。
She received jewelry for her birthday.
この店では高級な宝飾
This shop deals in high-end jewelry.
宝石 means gemstones themselves, whereas 宝飾品 refers to finished jewelry items that may incorporate gems.
Compound of 宝 (treasure) + 飾 (decorate) + 品 (article). The reading is on'yomi throughout.