Accessory, Louis Vuitton article, containing new item of jewellery (6)

I believe the answer is:

bangle

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'item of jewellery' is the definition.
(I've seen this before)

I cannot understand how the remainder of the clue works.

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(Other definitions for bangle that I've seen before include "displaying charm perhaps" , "Metal armband" , "Arm-ring" , "Ornament for arm or ankle" , "Wrist ornament" .)

I've seen this clue in The Guardian.

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