The most common and most likely answer to this crossword clue is the 7 letter word PENDANT
I've seen this crossword clue in The Guardian
P
E
N
D
A
N
T
More clues leading to the result PENDANT
- Writer and Italian poet mostly hanging ornament
- Writer and poet ultimately wanting jewellery
- Confined after absorbing judoka’s hanging
- Hanging first of paintings, wind up worker
- Long to import complete ornament
- Object set in long piece of jewellery
- Writer gets father’s books in exchange for jewellery
- Hanging produces wheeze around death
- Essentially spent dollars to have trimmed pants and chain
- Writer and worker holding diamond ornament
Buddy explains!

The straight part
We know that "a hanging ornament" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case a hanging ornament = pendant.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does PENDANT mean?
PENDANT noun- A supporting post attached to the main rafter.
- A piece of jewellery which hangs down as an ornament, especially worn on a chain around the neck.
- The dangling part of an earring.
- A short rope hanging down, used to attach hooks for tackles; a pennant.
- One of a pair; a counterpart.
- An appendix or addition, as to a book.
- (in the plural) Testicles.
- A pendulum.
- The stem and ring of a watch, by which it is suspended.
- A lamp hanging from the roof.
- An ornament of wood or of stone hanging downwards from a roof.
- A long narrow flag at the head of the principal mast in a royal ship.