What is the ruling on zakat for jewelry if it reaches the nisab and a hawl (year) passes over it?

The preponderant view among the majority of jurists is that there is no zakat on jewelry that is used for permissible purposes. However, some scholars hold the view that zakat is obligatory on it if a year has passed while it meets the nisab (approximately 85 grams of gold), and the amount of zakat is a quarter of a tenth (2.5%).