Its a minor bug actually, but the Bracelet 2 is flagged to be used only once per screen by default. It can be fixed in the item editor, but I think it should be usable multiple times per screen by default. Should be an easy fix.
Note: This was in a 2.10 quest loaded into Build 318. I don't think that had anything to do with the flagging of the Braclet 2 since the Bracelet 1 was not flagged.