I just made a bracelet similar to this Hemp Bracelet with Ceramic Beads
This is the first piece of jewelery I've ever made so I used cheap wood beads and cotton craft thread instead just to practice. It was so easy! I'm ready to make the real deal now to give as a very inexpensive gift (less than $10).
I also found a Chan Luu inspired leather and bead bracelet on same site that was very awesome and inexpensive. Chan Luu bracelets are about $200 but you can make one yourself for around $10! This one is not as easy as the hemp with ceramic beads but I've wanted one forever so will be making one after the holidays.