Armenia or Russia
7 1/8" (18 cm) inside circumference by 11/16" (2 cm) high
Late 19th to early 20th century
An antique segmented nielloed silver bracelet from either Armenia or Russia. See an example of a belt similarly constructed in A World of Belts by Anne Lurquin, page 127. The elements are strung on a piece of leather or fabric which is crimped to the last segment on each end. The hallmark has a 2 in the middle, but I can't make out the numbers on either side of it.