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Prince William and Kate help raise $1 million at charity gala

Prince William and Kate attend a fundraising gala on Oct. 13, 2011, in London. Clarence House via Getty

(CBS) Prince William and Kate were the guests of honor at a charity gala on Thursday night that brought in more than $1 million for a good cause.

The 100 Women in Hedge Funds gala, held at St. James' Palace, benefited the Child Bereavement Charity, of which William is a patron.

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Kate donned a red silk jersey "Sarai" dress with billowing sleeves by Beulah London, according to the Daily Mail, while William sported a black tux.

"What you are both doing together to alleviate the suffering of children who have lost family members, and bereaved families who have experienced the tragedy of losing a child, is beyond praise," the prince said in a speech during the black-tie event, which was attended by 300 people.

William teamed up with the 100 Women in Hedge Funds back in 2010 to raise money for charities that he's involved with.

The royal couple, both 29, opened a children's cancer ward at The Royal Marsden Hospital last month. Last week, it was announced that Kate has been named a patron of the Foundation of Prince William and Prince Harry.

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