This is a lovely vintage gold filled bracelet set with a small shell cameo and decorated with tassels. The dangling tassels allow the bracelet to be adjusted to fit the wrist. It is marked L Mfg Co. but I have not been able to identify this mark. It dates to around the beginning of the 20th century. The style suggests that it is from around 1910 or so.
The bracelet can be adjusted out to a maximum of about 8 inches and tightened back to the desired size. It is about 1/2 inch wide and it is in very nice condition.