Cursive, in gold. Every link is a flattened S hooked into the next, so she lies flat against the skin instead of rolling the way a round link will.
We bought her for the link. It takes more work to build than a standard cable, and you can see it in how the flat planes catch light in a run rather than a single point. At 16.5" she sits high on the throat. The short chain is the more useful buy, because everything else you own can hang below her.