The Wizard Bracelet is an armor anyone can equip. It has eight Materia slots in four linked pairs, and provides +6 Defense, +3 Defense%, +85 Magic Defense, and +3 Magic Defense%, as well as +20 Magic. It can be bought in Mideel after Ultimate Weapon's attack for 12,000 gil, dropped from Jenova∙LIFE, and stolen from Epiolnis.
Wizard Bracelet is an accessory that provides MP +60% through Materia Fusion, and absorbs Fire, Ice, and Lightning-elemental attacks. It is a reward for completing the missions 2-5-3: More New Species Found and 7-5-6: Youngest in the Wasteland and can be bought at Sector 7 Shop and Network Shop Duo for 80,000 gil.
Wizard Bracelet grants the MP Stroll ability, which allows the user to recover MP while walking around the field map, as well as MP +20%. It can be found in Chapter 5 at Kilika Temple and the Ruin Depths.