Okay, so the pattern is actually called the February Lady Sweater but I am knitting it in April. With any luck it will get done this month. The lace section is going along fairly smoothly. The yarn I am using is Absolute Wool by YarnArt. I purchased it for the extremely low price of $10.00 for 5 skeins.
Pattern: February Lady Sweater by Pamela Wynne
Yarn: YarnArt Absolute Wool in "Navy Blue"
Needles: US size 8 (5.00mm) & US size 10 (6.00mm) Knit Picks circulars