You could also use this to mean "wristwatch." It is
situational. If I sign to my wife, "YOU KNOW WHERE MY
BRACELET?" She would automatically understand that I'm looking for
my "watch." But if she signed the same thing to me, she might
need to fingerspell, use the "TIME" sign, or use lip movement to
clarify what she is talking about..
Some people do this sign with the middle finger and thumb encircling the wrist
instead of the index and thumb.
Note: This sign can be
used to mean "wristwatch."
American Sign Language University ™ ASL resources by Lifeprint.com © Dr. William Vicars