The utility model discloses a bracelet with a replaceable decoration unit, which comprises a hanging ornament and a chain belt connected with two sides of the hanging ornament, a decoration cavity is arranged at the top of the hanging ornament, the decoration unit is detachably clamped in the decoration cavity, a cavity is arranged in the hanging ornament, and a bottom plate is detachably assembled at the bottom of the cavity; a pin hole is formed in the side face of the decoration unit, a mounting groove is formed in the position, located at the pin hole, of the interior of the hanging decoration, an elastic pin is movably assembled in the mounting groove, and one end of the elastic pin extends into the decoration cavity and is clamped into the pin hole. The hanging ornament is suitable for the bracelet, the whole hanging ornament of the bracelet adopts a split type clamping structure, namely, the top of the hanging ornament is provided with the decoration cavity, and the decoration unit for decoration is detachably clamped in the decoration cavity, so that when the hanging ornament is worn and the decoration unit is abraded or dirty, the decoration unit can be independently detached to be replaced or cleaned; the whole bracelet is kept attractive and clean.