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Natural Pyrite Stone Bracelet, Beads Size 8.00 MM. Improved focus and mental clarity: Pyrite is believed to enhance mental abilities, improve concentration, and promote clarity of thought. Wearing a golden pyrite bracelet may help sharpen the mind and increase focus, making it beneficial for studying, work, or any activities that require mental acuity. Does pyrite attract money?Pyrite. Often worn in combination with Citrine, Pyrite is regarded as a powerful crystal that shields you from negative thought patterns. Due to its gold-like lustre, it earned the nickname “Fool's Gold.” Crystal healers use it to manifest wealth as it is believed to attract money and good luck.