My first fine jewelry was my baby ring!
I did have a few gold pieces as a child; including a pair of 14k gold Daisy Duck earrings that I still own. And a Tiffany sterling Scotty dog necklace. I’m showing my age here, but they really weren’t that expensive or precious (gold was around $200 a Troy oz, we bought the earrings at Disneyland for $20)
They weren’t for wearing to school or anywhere they might be abused. My mother still talks about how devastated she was when she lost a stone out of a birthstone ring as a child; losing something precious hurts more when you’re that age and haven’t yet mastered the Art of Losing. Instead, we made an occasion of putting them on.
As a child, plastic and steel pieces lived in my jewelry box. My gold and silver pieces had their own box in my parents room.