Abstract: A locking mechanism for jewelry, purses and other accessories is provided. The locking mechanism comprises first and second magnetically attracted surfaces and a collar. The second magnetically attracted surface is adapted for magnetic coupling to the first magnetically attracted surface. The collar is hingeably coupled to either the first or second magnetically attracted surfaces and is operable between an open position and a closed position. When the first and second magnetically attracted surface are magnetically coupled one to the other, and the collar is in the closed position, at least a portion of the collar surrounds a perimeter of the first and second magnetically attracted surfaces.