bracelet vs jewelry

bracelet and jewelry both are nouns.

Word	Noun	Adjective	Verb	Adverb
bracelet	Yes	No	No	No
jewelry	Yes	No	No	No

As nouns, jewelry is a hypernym of bracelet; that is, jewelry is a word with a broader meaning than bracelet:

bracelet: jewelry worn around the wrist for decoration
jewelry: an adornment (as a bracelet or ring or necklace) made of precious metals and set with gems (or imitation gems)

Other hypernyms of bracelet include jewellery.

bracelet (noun)	jewelry (noun)
jewelry worn around the wrist for decoration	an adornment (as a bracelet or ring or necklace) made of precious metals and set with gems (or imitation gems)
a band of cloth or leather or metal links attached to a wristwatch and wrapped around the wrist