Hi Metrowestmama! Yes, it's broken. I purhased my Perlee Signature about two years ago. I noticed the closing system gradually loosened. You have to push the small button(?) when you open it, but now it just opens apart (it has a catch clasp, though.) It depends how you use it, but you should be careful not to hit it against something or when you stack with other bracelets, I think.
I planned on always stacking it. And with two kids under 5, I'm sure it will hit against something :shame:. Will you miss your Perlee? I've always loved it stacked with the Vintage Alhambra.
Perhaps, the color is OK, but the size annoys me, mainly because of my big wrist bone & shape of the arm. After I purchased my JUC in May, I can no longer love my Love as I did. Design wise, I love JUC more.
I honestly was wondering about the closing system. I have had my clover Perlee for 8 months and I noticed the the little clasp is becoming loose. It is becoming harder to fasten it. Does VCA make you pay for the repair? It sort of bothers me to take it on and off. I love the bracelet but it is not for everyday for me. Just curious if it is a common problem with the closing system/clasp.
I told my SA about the problem yesterday. I'll take it to the boutique soon. I think they will charge me. Because the reason my Perlee cannot close properly may be because the shapes are strained, I think. I am sure it is a common problem. I remember receiving a PM from a TPFer about the loosening of her closing system just after purchase.
Sounds like that is the better route than the Perlee Signature, even though it was through a reseller and the price was much cheaper than the boutique. But regardless of the savings, not a great piece if it can't withstand much use. 
And for that price (even with a pre-loved discount), I want to be able to use it more often than not!
