Designer Rachel Albright does a lot of work using clay, both painted, matte and glazed, under the name Academy Design.
Her Etsy shop features one of this design, made of hand-made and hand-painted beads on a 30 inch long brass chain. Albright has sold her work through Anthropologie and Of A Kind as well as through her own store.
This piece sells for USD $56 through her Etsy store.
IntoTemptation.....jewellery musings 
Very intersting piece!
AurumEve.com ~ Global Jewelry
I think so too – goes to show that jewellery doesn’t have to be expensive or overdone.