Well, I looked right over that. Sure enough my Meriam Webster shows ˈj?l-rē to be a method of pronunciation. However I must say that the Cambridge pronunciation is my favorite, and the pronunciation listed in this article is still low on the list of dictionaries that claim that to be a proper pronunciation. Though I should shut up before a bird dive bombs my nose hole.

http://dictionary.cambridge.org/results.asp?dict=A&searchword=jewelry