Not sure how to handle this....

I am trying to decide between a stern talking too, or scaring Tessa....

Let me explain...
Tessa has been picking up my bracelet that her Dad bought me and wearing it. Now granted it is not an expensive piece of jewelry, it is just a silver bracelet. I have asked her repeatedly not to wear my jewelry without my permission. Mainly because bracelets and rings don't fit her... so she could lose them.
Yesterday when I went to do the dishes I took off my rings, (my wedding ring which is 7 diamonds in a silver band, and my Mom's ring that I got when she died (no real value but a ton of emotional), and my bracelet and strung them on my watch and set them up above the sink on the shelf.
This morning I went to put them back on and only my watch is there... I had several moments of panic as I visualized them falling down the drain, before sanity took hold. My drains have ring guards in them. Now the only one of my children capable of undoing a watch strap is Tessa. So I searched the house.
I finally found my ring under her pillow, another ring on top of her dresser, and my bracelet between her mattress and the wall.

Now I'm trying to decide between telling her that I found them, and lecturing her. And asking her if she has seen them and watching her panic when she can't find them.... before I tell her I have them and lecturing her. I'm considering the scare tactic since I have asked her before not to wear my jewelry. The ring is insured, and I could replace it. I couldn't replace my moms ring (we had matching rings made when I was Tessa's age... mine got lost over the years, but my Mom wore hers every day until she died. Now I wear it everyday) or the bracelet from Jim.

So what would you do?

Well this is what I'm going to do... I am going to choose at this point not to mention it at all. I think since they were in her bed that she was sleeping with them for some reason (maybe to feel closer to me???). I figure tonight she is going to look for them and start to panic when she can't find them. She left her door open today so her sister's could have easily gone in her room and taken them. If she doesn't mention it to me by the weekend I will ask her about them like I don't know what happened to them... We shall see how long she lasts.

She came home from school, did her homework and went right upstairs. She was back downstairs in about 10 minutes looking upset. I asked her what was wrong, and she went and got my watch from the shelf (I left it there on purpose). Then she told me that she took my rings last night to hold and think of Daddy... (which is kind of weird since they are mine not Jims). They were under her pillow when she fell asleep and now they are gone. She was so upset. I told her calmly that I had the rings and the bracelet (which she didn't even mention). I let her know that I panicked when I couldn't find them, because I was worried her sisters had dropped them in the sink or toilet. I reminded her that I had asked her not to touch my jewelry without permission, and let her know that I had searched her room. (normally I don't go through her things without her knowing in advance that i'm going to clean it or something... just trying to teach her to respect privacy). She promised not to do it again... we shall see.

She is 8 years old. She has been punished for this in the past, and right now she no longer has the MP3 player that her grandmother gave her for a punishment for yesterday. But I have to balance what is going on with her emotionally with her punishments... for instance this issue happened because she was trying to be closer to her Dad. It is hard to punish her for that, when he just left for Iraq and we are all adjusting.