A jewelry article having one or more interchangeable inserts removably attached thereto. In an aspect, the article has an assembly having an opening and one or more recessed portions, wherein one or more interchangeable inserts are removably attached therein. The one or more inserts have a top portion having a recessed housing to house one or more decorative ornaments, and a base portion having one or more cavities wherein one or more magnets are adhesively affixed therein.