DIY your photo charms, compatible with Pandora bracelets. DIY 5 Strand Braid Tutorial from Design and Form here. This is a really clear tutorial and I like the leather cord used. For friendship bracelets of all kinds go here
DIY Woven Friendship Bracelet Using a Circular Cardboard Loom. Very easy, cool jewelry craft for kids weaving a seven strand friendship bracelet. Tutorial from Michael Ann Made here. This might be a good summer craft for the older kids.