» Fri May 11, 2012 1:41 am
Jewelry also seems to give you far more smithing XP than creating weapons or armour of similar material costs. I leveled much faster off of crafting silver amethyst rings, for example, than I did Dwemer bows.
Edit: And yes, jewelry can be enchanted to get even more value out of them, though until your Enchant skill is high enough, the value change won't be huge compared to the price of a soulgem.