Bracelet is a good word. You could also wear it as a necklace yes. Then it sits quite high at 38 cm. I like short necklaces like, "normal" is that length, however, for a chain rather not. It is then almost a little further choker. Nevertheless, even here very pleasant - feels not too tight, not a "strangulation" feeling.
The price of 49 is quite high. However, it's just by putting up her something other than a normal leather strap. It's thicker than a single strip of leather but thinner than those fingers wide parts where things are on it burned. Overall, very classy without being pretentious. It does not color the way and you do not sweat underneath. The shutter closes safely and who can not trust the course attach a safety chain. In addition to the closure is in fact on both sides of a normal Pandorageschwinde. Subdivision in leather part of the bracelet is missing. But that would disturb my opinion, the optics, so I think that's a good thing.
The strap comes in a simple plastic bag. Not suitable as a gift. If you blessed yourself, but it goes like this. ;-)
Conclusion: One star deduction for the high price (you pay just not only the quality but also the processing) and for the delivery of the bag. Otherwise simply beautiful! it's worth it!!