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BANANA’S WRIST ACTION: Banana Republic is launching its first limited collection with jewelry designer Chan Luu, who is known for her wrap bracelets made of leather and string with jeweled nuggets, which have been spotted on the wrists of Lady Gaga, Kate Hudson and Jennifer Lopez, among others. The designer has crafted a limited edition bracelet line for the retailer, Banana Republic’s first such pairing. The 17-piece collection will go on sale today exclusively at Banana Republic’s accessories-only concept store in San Francisco, priced from $95 to $225.