I do think that gift is a trap. A pre-requirement for a greater plan. Not unless this person is really planning of giving gifts to all person that are nice to him. Next time never accept any gift if it will just make you feel guilty.

And if ever you plan of returning it. Have it returned by a friend. Or if you have to return it personally, just leave it to the front desk addressed to the person w/o any personal information from you.

Or you can make someone else happy, perhaps giving it as a gift to a friend.

Good for you its only a bracelet...
You could be in deep sh*t if its something else, like illegal substance.
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"Be Honest even if others are not"