It's another version of the mysterious bracelet pattern that I posted about on Friday:
The beads are different but the background behind the bracelet looks like it might be the same. I'm starting to wonder if someone made this for a class or perhaps the pattern was in a beadwork magazine. Both files were uploaded to Pinterest directly from someone's computer which is why there's no link to a website. Both photos have been pinned so many times that it's impossible to tell where they originally came from.
UPDATE: Ana found the pattern HERE at jillwisemandesigns. It's her "Piazza Perline Bracelet". Whoever made the two samples above added rondelles in between the motifs and instead of the bicones for a slightly different look.