An object proximity alarm system comprising: a receiving bracelet, wherein said receiving bracelet includes a plurality of LED indicators; a plurality of transmitters, where each transmitter is associated with a LED indicator on the receiving bracelet and each transmitter transmit a signal to the receiving bracelet; a predetermined range associated with each signal transmitted; and an alarm on the receiving bracelet, where the alarm is triggered when on of the transmitter signal goes beyond the predetermined range associated with the transmitter. The alarm may include at least one of audio alarm, visual alarm associated with each LED indicator and a vibrating alarm. The transmitter may include a sticky surface or a hook and loop fastener for attachment onto an object.