Heather Watson and her doubles partner fall foul of the third seeded Italian duo.
Watson and Boulter had cruised through the earlier Olympic matches at Roland Garros, despite the odds being against them.
They beat the Germans Angelique Kerber and Laura Siegemund in straight sets, 6-2 6-3, on Tuesday, 30 July.
They reinforced their dominance with another straight sets victory over the sixth seeded Brazilian duo of Beatrice Maia and Luisa Stefani, winning 6-3 6-4, on 31 July.
But the third seeded Italians, Sara Errani and Jasmine Paolini, undid this progress in little over an hour, winning 6-3, 6-1.
Yesterday marked the end of an era for Andy Murray.
The two-time Olympic singles champion lost alongside Dan Evans in the quarter-finals in Paris.
There were tears as he was given a huge send-off by the crowd at Roland Garros.
Guernsey Firefighters to collect Christmas trees for charity
Four Guernsey residents on the New Year Honours List
Patrols at La Valette bathing pools after recurring antisocial behavior
Enhanced protection for Sark's sea life
Skeleton of new Guernsey golf resort built
Prominent Guernsey man appointed Commissioner for Standards
Record festive parcel delivery for Guernsey Post
Channel Islands Ferry Operators Working Group expands
