This design is called "Bonds of Love"; a cuff style bracelet based on a Victorian technique - split loom weaving. The solid base is formed and then "split" into smaller bands, which are braided on the loom and then brought back together.
Saved for the link to a peyote stitch tutorial. Make this beautiful peyote stitch beaded bracelet, inspired by the glittering blue hues of the ocean! See details about the pattern over at Craftaholique.