This symbol, called the UDJAT EYE, is still very popular
in Egypt, and is believed to give the person who wears
and keeps it close good luck and good health. I came
across it in a book about King Tut and ancient Egypt. They
found 20 items of jewelery in his tomb with this
symbol on it to send him off safely and perhaps
bring him back in another life.
Even today it's worn as a design on bracelets, rings,
belts, earrings etc. Egyptians used to decorate the
dead because they also believed it would restore the deceased to life.