Record by Queen, gone, missing old centrepiece (7)
I believe the answer is:
epergne
'centrepiece' is the definition.
(epergne is a kind of centrepiece)
'record by queen gone missing old' is the wordplay.
'record' becomes 'ep'.
'by' means one lot of letters go next to another.
'queen' becomes 'er' (abbreviation for Elizabeth Regina**).
'missing' indicates named letters should be taken away.
'old' becomes 'o' (common abbreviation eg in OE for Old English).
'gone' with 'o' taken out is 'gne'.
'ep'+'er'+'gne'='EPERGNE'
(Other definitions for epergne that I've seen before include "Branched flower-holder" , "table decoration" , "Large table centerpiece with branching holders" , "holder" , "table display" .)