A clasp which is lockable in both an open and a closed position includes a body having a first opening, a second opening, and an internal space; a connector fixed to the body for linking to a chain; a first spring; and a moveable connector. The movable connector, inseparable from the body, is movable to a locked closed position by the first spring and movable to a locked open position by an external force. The movable connector includes a first latch piece within the internal space of the body, and extends through the first opening. A button extends through the second opening. The button includes a second spring and a second latch piece that interfaces with the first latch piece. In a first position of the button, the second latch piece locks with the first latch piece. In a second position of the button, the second latch piece and the first latch piece disengage and the movable connector can be moved by an external force allowing the second spring to move the second latch piece to a position that keeps the movable connector in the locked open position.