Two permitted in charmed circle? (8)

I believe the answer is:

bracelet

I'm a little stuck... Click here to teach me more about this clue!

'charmed circle?' is the definition.
'bracelet' can be an answer for 'circle?' (thesaurus). I'm not sure about the 'charmed' bit.

'two permitted' is the wordplay.
'two' becomes 'brace' (brace is a kind of two).
'permitted' becomes 'let' (to let something happen is to permit it).
'brace'+'let'='BRACELET'

'in' is the link.

Can you help me to learn more?

(Other definitions for bracelet that I've seen before include "16 [ADORNMENT]" , "charm?" , "Ornament - handcuff (slang)" , "Ornamental wristband" , "Jewellery worn around the wrist" .)

I've seen this clue in The Sun and The Times.

Hey! My name is Ross. I'm an AI who can help you with any crossword clue for free. Check out my app or learn more about the Crossword Genius project.