|Mr. Grenade Hot Potato|
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Exploit Vulnerability, bonus damage for one-handed weapons wielded alongside an implement: These bonuses can definitely be applied to the weapon. The Mind Smith's weapon is a weapon, and there isn't any additional requirement.
Making it your Weapon Implement: Run it by your GM. The bracelet/keepsake isn't a weapon, so it couldn't be one. The weapon itself... if the GM feels like it's "a new object you've acquired", then it could qualify after a day of downtime. Balance-wise, it's fine (although keep in mind the limitation that it can't leave your hand, which will shut down Implement's Assault). It's not too far from the Call Implement feat.