Antique Bronze Bracelet by Lace in Spring

Antique Bronze circles and butterfly made out of alloy. Purchased from Lace in Spring.

I fell in love with these unique circles immediately. Are they "O"s? Are they rings? Bubbles? Mystical language? I'd say they are all and none of these things.

I believe I purchased the last one, but contact the seller to see if more are on the way.