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"shining, brightness," 1602 (first attested in "Hamlet" iii.2), noun use of adjective sheene "beautiful, bright," from Old English scene, sciene "beautiful; bright, brilliant," from Proto-Germanic *skauniz "conspicuous" (cf. Old Frisian skene, Middle Dutch scone, Dutch schoon, Old High German skoni, German schön "fair, beautiful;" Gothic skaunja "beautiful"), from PIE root *skeue- "to pay attention, perceive" (see caveat). Meaning "film of oil on water" is from 1970.
As an adjective now only in poetic or archaic use, but in Middle English used after a woman's name, or as a noun, "fair one, beautiful woman."