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From The Collaborative International Dictionary of English v.0.48:
necklace \neck"lace\ (?; 48), n. 1. A string of beads, etc., or any continuous band or chain, worn around the neck as an ornament. [1913 Webster] 2. (Naut.) A rope or chain fitted around the masthead to hold hanging blocks for jibs and stays. [1913 Webster]