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Paul Pierce Olive Branch to Ray Allen ... 'Let's Bury the Hatchet'

Here's Paul Piece & Ray Allen proving not even a homewrecker named LeBron James can stand in the way of true brotherhood, with the two ex-Celtics officially squashing the beef after a pretty nasty breakup.

Allen had been on the outs with his old C's running mates (Pierce, Kevin Garnett & Rajon Rondo) ever since he bolted Boston in 2012 to sign with the hated rival Miami Heat ... and LeBron.

The feud had gotten pretty nasty (and pretty public) -- but when the two came face to face at a celebrity game in China, it was all love.