You should be able to hang amulets in your house/dorm. Since KI has already released a way of hanging wands, it would not be too hard to add hanging amulets. Also each amulet has an appearance, and we cannot see them on our wizard, so this could be a use for their appearances.
Cool idea! I have many amulets and would like to find some other use for them. I always found it strange that you dont see the amulet on yourself. I thought it was a glicth in my early gaming days Everyone just HAS to agree with! One of the most reasonable ideas i've read.