Famous bracelet broken by editor (10)
I believe the answer is:
celebrated
'famous' is the definition.
('celebrated' can be a synonym of 'famous')
'bracelet broken by editor' is the wordplay.
'broken' is an anagram indicator.
'by' means one lot of letters go next to another.
'editor' becomes 'ed'.
'bracelet' is an anagram of 'celebrat'.
'celebrat'+'ed'='CELEBRATED'
(Other definitions for celebrated that I've seen before include "Eminent" , "Cheered" , "Did something enjoyable (to mark an event)" , "Publicly honoured" , "Observed (festival); famous" .)