FUN folded paper bracelet http://increations.blogspot.com.au/2008/09/origami-bracelet.html
Not sure how water proof this would be since it's paper (That's a lie I know it isn't waterproof at all) ... But I'm sure I can make this very small with polymer clay. :)
Bisutería de papel
braid of paper strips - for bookmark, napkin ring, bracelet. . . . (tutorial)
Paper bracelet origami Used to do this with chewing gum wrappers.
▶ How to Make a Watercolor Paper Bracelet: Integrating Wire with Watercolor Paper - YouTube
Art how to Videos
Patterned Cuff Bracelet by all things paper, made from paper than brushed with a polymer glaze. (Golden Polymer Emulsion)
DIY for my wrist
DIY Paper Bead Bracelet! Make beads out of paper and turn them into fun jewelry!
*** DIY Creative Ideas ***
How to Make Your Own Bracelet out of Scrapbook Paper & Newspaper | I Love Paper BeadsI Love Paper Beads
all things paper
Cómo hacer pulseras de papel | http://papelisimo.es/como-hacer-pulseras-de-papel/
My Paper bead Leather Wrap Bracelet $34
DeepBlueNotion Paper Jewelry