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By Catherine D. Anspon. Photography Emile Browne. A t Wayne Smith Jewels, an evening edged in diamonds toasted the holiday season, the coming New Year, and the boutique's glit- tering clientele. The St. Regis hotel, where the boutique resides, catered the night with passed hors d'oeuvres and free-fl owing fl utes of Laurent- Perrier Champagne. Attracting great attention were the treasures in the cases, including dramatic French Deco earrings with rubies, diamonds, and jade; a French palm brooch with Burmese rubies and diamonds; and an Art Nouveau plicque du jour dragonfl y brooch. HIGH SOCIETY: Wayne Smith, Denny Lyons, Carrington Weems, Joan Blaffer, Susan Glesby, Virginia Steppe, Frann Lichtenstein, Christy and Lou Cushman, Dede and Conrad Weil, Nellie Connally and brother John B. Connally IV, Jean Mintz, Holly Paull, Roberta Rude, Michael Darsey, Richard Dawson, Don Mafrige Jr., Renea Abbo tt and Greg Manteris, Twila and Mark Cady, Jana Giammalva, Jane Dipaolo, Josiane Garrett, Suzanne Miller, Tracy and David Livingston, and Kristy and Rett Holidy. EMERALD AND French palm brooch with Burmese rubies and diamonds, circa 1960 A BIJOUX BASH AT WAYNE SMITH JEWELS DRAWS SOCIAL GEMS. RUBY CITY Wayne Smith, Frann Lichtenstein, John B. Connally IV Denny Lyons Jana Giammalva Virginia Steppe, Tom Cordell Richard Dawson Mary Ann Levine Roberta Rude Lynn Belt Josiane Garrett JEWEL PHOTO KENNON EVETT