A jewelry item that includes a main decorative stem; at least one cap member engaged over the main stem; a first magnet; and a second magnet. The main stem has a channel for receiving the first magnet therein, and the cap member also has a channel for receiving the second magnet therein. Both channels are constructed and arranged so that the first and second magnets are in juxtaposition when the cap member is engaged toward the main stem so that there is a magnetic attraction between the main decorative stem and the cap member.