Although marked Italy and .925 sterling silver, it discolors.  Not like typical silver tarnish--it's more as if a thin coating is wearing off, and letting a base metal (brass?) shine through.  At least that's my impression on the one that I received.  I cannot seem to get it back to its original look.

Other than that, it is a durable width and thickness for an ankle bracelet.  Unfortunately, mine is no longer very attractive.