A jewelry forming article utilizes free magnetic bodies and free deformable chains to form various jewelry objects, such as rings, bracelets, necklaces, and the like. The various jewelry objects are formed by magnetically engaging the surfaces of the free magnetic bodies to two or more regions along a length of the deformable free chains, forming one or more loop circumferences along the length of the chains between the engaging regions, where the loop circumference may be increased or decreased by changing the positions of the engaging regions relative to the surfaces of the magnetic bodies to enable a person to secure the article on his or her body in the form of the various jewelry objects.