Prepare Materials: Gather your beads, thread, needles, and tools.
Start with Independent Rings: Create the blue, black, and red rings using circular peyote stitch.
Interweave Yellow and Green Rings: Link these rings into the previously made rings, maintaining the correct Olympic colors order.
Closing and Securing Rings: Seam up the ends of each ring, making sure they are tightly interconnected.
Attach to Chain/Transform into Bracelet: Depending on your preference, attach the pendant to a chain for a necklace or adapt it into a bracelet.
Final Adjustments: Make any necessary adjustments to ensure the rings lay flat and are securely fastened.