This particular type of magnetic jewelry is often referred to by synonyms more descriptive of its various characteristics or functionality such as magnetic therapy bracelet or magnetic health bracelet. It is generally believed that wearing a magnetic bracelet is beneficial to your health.
* Avoid placing magnetic jewelry near or directly over any magnetically sensitive material or device.
As any one may easily notice, stainless steel links with neodymium magnets are pinned together to make up these magnetic bracelets, that's how they got the name of magnetic link bracelet.