I love to wear bracelets (especially the little elastic beaded ones) so I have a TON of them and had trouble storing them.
I bought a wood coffee-mug rack from the thrift store for about $1, sanded it, painted it with acrylic craft paint and a coat of acrylic varnish. (Although with all the bracelets on it you can't really see my paint job! LOL)
This is the result:
It would also work for necklaces and/or hair ties.