Vintage anchor chain bracelet. Many imitations of Hermès' Chaine d'Ancre exist, but this piece distinguishes itself with the thickness and shape of its links. Both the links and the bar are quite large, giving it a strong presence. There are no hallmarks, so the exact material is unknown, but it doesn't react to a magnet and has considerable weight, so I believe it's silver. Please feel free to comment if you have any questions.