Velvet is having a moment right now: Booties, dresses, tops, and bags are covered in the luxe-feeling textile, which was a common motif on the Fall 2015 runways. Alber Elbaz dressed models head-to-toe in the plush material at Lanvin, Emilio Pucci cut wide-leg trousers in velvet, Alexander Wang offered coats in the stuff, and both Antonio Marras and Dries van Noten crafted unique accessories in the fabric. Now that we’re actually in the season, the trend has evolved further, with the velvet party dress picking up steam on the red carpet and street-style circuit. Forever-chic women like Alexa Chung and Yasmin Sewell have both stepped out in velvet recently, and affordable versions live …

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