Okay, Dezi, I again compliment your avatar experiments, but the personal photo kinda loses me, Sis! The piercing thing, though I have my own, you know how I feel...
Like the man with the fishy stick says, this is the place for all your Oblivion modding needs. Literally so many that you can't shake a stick at 'em here. Welcome to our home away from home!
Like most everyone has said, it depends on how important, valuable, precious the thing might be. A mundane item I would simply say: "Oh well, I'll have to get another.", but something rare and hard to replace being lost would anger me to tears.