An anti-theft system that has a first component that is an attractive and light-weight smart charm that uses an accessory attachment device to attach to a wearable accessory such as a bracelet or necklace, an item of clothing, or user. The system has a second component that is an object monitor for attaching or combining with a mobile object, such as a wallet or purse. The smart charm and object monitor communicate proximity information between each other, and set off a perceptible alarm through one or more sensory alert mechanisms when the separation distance between the smart charm and object monitor exceeds a threshold alert criterion.
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