I was just about to upload a better picture of the bookmark Jenni sent to me but I found this one that she took herself and I couldn't do better than that so here is the link
Now you can see what I meant about the stunning woven picots!!!
UPDATE: Just realised that you may not be able to see the above if you are not a member of intatters so here it is as well with the relevant info as well.
Pattern: Jen's Woven Picot Bookmark
Designed by: Jen Chioatto
From: Australian Tatters Guild - New South Wales Branch newsletter 2001.
Thread: Manuela variegated 204 - size 20 and white Coats Mercer Crochet - white size 20.