Abstract: An ornamental article of annular shape, comprising an internal support having a longitudinal axis of circular shape; a plurality of fixed ornamental elements coupled in a non-rotatable way to said internal support in positions set apart from one another along said longitudinal axis; and a plurality of rotatable ornamental elements, each of which is free to rotate with respect to the internal support about said longitudinal axis, wherein each rotatable ornamental element is set between two fixed ornamental elements and has at least one first ornamental face and one second ornamental face with different ornament and is rotatable about said longitudinal axis to set one of said ornamental faces alternatively in a visible position.