Lovely Charm Bracelet

Source
This item is made by combining 10 Lovely Charm. The Lovely Charms has a chance to be obtained when you kill an enemy that yields XP or Honor while you have a Lovely Charm Collector's Kit in your bags. You do not have a higher chance to gain Lovely Charms if the enemy is more level-appropriate. The Collector's Kit is obtained from Kwee Q. Peddlefeet in any major city. (See the Lovely Charms page for full details on acquiring them.)

Note that while Lovely Charms and Love Tokens are BoP, this item can be traded and mailed between toons. You may exchange 1 Lovely Charm Bracelet for 1 Love Token from any Lovely Merchant.
 * A limited duration was later added, making it no longer possible to mail between characters.

As an objective
This item is an objective of the following quests:

In each case, the reward is a Lovely Card and 5 Love Tokens. These provide a greater return than trading the bracelets directly for Love Tokens.