I'm white and mostly Italian and I can say for sure that you can wear a bracelet and not look classless or guido. Just gotta do it right.
I've worn them occasionally with casual, business casual, and even suits and it looked good. In fact, the one I wear now was one that I picked up from Tiffany's (DEF not a slick deal lol) before a wedding.
There's more to being guido than the jewelry around your wrist.
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