First of all, cut two pieces of rope. The lenght might be the same as your wrist's.

I bought this one at the cheapest store of my town: 4mts 3€ (I'm so proud of it hahaha).

Start covering the with the yarn. I took this idea from Yarn Bangles by Juliet J. ^^

http://www.cutoutandkeep.net/projects/yarn-bangles

Something like this... This is the most tedious step u.u

When you get to the edge of the rope, stick the yarn with super glue.

Once you've got both covered we can start doing the "stone".

With the modelling clay, model a plain piece (like a coin) and make some holes on the edge (I was going to sew the picture instead of sticking it, so I made a bunch of holes I didn't use, silly me !)

Glue a piece of black fabric to the piece of clay.

Something like this...

Now, cut the picture a little bit smaller than the piece of clay.

The same with the acetate.

Stick them to the coin.

Now, using the holes we made before, "sew" the coin to the ropes.

Now all we have to do is join the end of the ropes and make a clasp.

I made it using more yarn and making a bead of magazine paper like SlashGashTerrorWhore in Recycled Magazine Necklace. I think we all know how to do it ;)

Done ! You've got a brand new super cheap bacelet!

Hope you like it ^^ XOXO