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bauble (n.)

early 14c., "showy trinket or ornament," from Old French baubel "child's toy, trinket," probably a reduplication of bel, from Latin bellus "pretty" (see belle). Or else related to babe, baby. Meaning "a trifle, thing of little or no value" is from 1630s.

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Definitions of bauble from WordNet

bauble (n.)
a mock scepter carried by a court jester;
bauble (n.)
cheap showy jewelry or ornament on clothing;
Synonyms: bangle / gaud / gewgaw / novelty / fallal / trinket
From wordnet.princeton.edu