It would be hard to say without knowing the quality of the item. A sterling silver, delicately worked item probably would be, but something that looks like it comes by the millions from China, for someone who went to the trouble of inviting and clearing up and getting ready to host... probably not.
Just so you know there is going to be a variety of responses to that offer, I don't wear words on jewelery, not even titles or names. I wouldn't think it was a valuable gift for me, and don't honestly know if I even know someone who would appreciate it.
I'm weird, though - I also don't have bumper stickers of any kind (including AAA) and never wear slogan t-shirts.