Pawn fashionable brooch (3)

I believe the answer is:

'brooch' is the definition.
(decorative item pinned to clothing)

'pawn fashionable' is the wordplay.
'pawn' becomes 'p'.
'fashionable' becomes 'in' (in can mean fashionable or trendy).
'p'+'in'='PIN'

(Other definitions for pin that I've seen before include "Small brooch; skittle" , "Debit-card number" , "Peg or nail" , "Number allocated for electronic transactions" , "Cashpoint code" .)

I've seen this clue in The Times.

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