I did something like this two times. And I found it very effective but with some side effects both times.
Once, the problem for me was that I felt I was distracted by a growing obsession with a girl. I bound my compassion and caring with an onyx ring, so that when I wore it I would not express any of those qualities.
Well it worked quite well and I was able to go for several months without any distractions. Eventually I fell ill though. During this experiment I discovered how broadly those aspects of personality (love, caring, etc.) weave through life. They are almost necessary to have when dealing with family, friends, and general everyday situations.
It was a great learning experiment.
I did another one similar where I bound fear into an astral crystal in my aura. It worked great, however it was a form of suppression. It was useful for several years until discharging it. Effects I noticed in particular were where people did not seem to notice me then frequently they would start in fear after suddenly noticing me. A few times people even physically jumped back and vocalized something like ‘Ahh!’
I was also doing other invisibility practices at the time, so I assume there was some overlap and synergy with that.