We study functional and spectral properties of perturbations of the magnetic Laplace operator on the circle. This operator appears when considering the restriction to the unit circle of a two-dimensional Schr{o}dinger operator with the Bohm-Aharonov vector potential. We prove a Hardy-type inequality on the two-dimensional Euclidean space and, on the circle, a sharp interpolation inequality and a sharp Keller-Lieb-Thirring inequality.