A magnetic lock is presented. The magnetic lock includes a base having a cylindrical opening disposed therein, and having a first magnetic element disposed in a bottom surface of the cylindrical opening of the base. The lock further includes an insert removably securable within the cylindrical opening of the base, the insert having a second magnetic element disposed along a bottom surface thereof. When the insert is inserted into the cylindrical opening of the base and the first magnetic element of the base is aligned with the second magnetic element of the insert the insert is locked within the cylindrical opening of the base. When the insert is rotated within the cylindrical opening of the base to a position wherein the first magnetic element and the second magnetic element are not aligned with each other the insert is removable from the cylindrical opening of the base.