An ornamental component (300) for a bracelet and/or necklace, comprising a housing with a cavity defining projecting rims of end walls of the housing and a ring manufactured from a resilient friction material, wherein the ring comprises at least two cut-outs in the inside surface (303) of the ring, said cut-outs defining associated at least two inwardly projecting projections of the ring for frictionally gripping a surface of the elongated member so as to adjustably fix the ornamental component at selected positions along an elongated member, an entirety of the cut-outs being free of material.