Decoration's gold handle not hollowed out (8)
I believe the answer is:
ornament
'decoration's' is the definition.
(synonyms)
'gold handle not hollowed out' is the wordplay.
'gold' becomes 'or' ('or' is the heraldic name for gold).
'handle' becomes 'name' (I've seen this before).
'hollowed out' suggests removing the centre.
'not' with its middle removed is 'nt'.
'or'+'name'+'nt'='ORNAMENT'
(Other definitions for ornament that I've seen before include "Decorate" , "Knick-knack" , "Turn" , "Something decorative" , "It's used to adorn" .)