What's the real difference between that fast-fashion cashmere sweater and more luxe models?
LIGHT AND SOFT, cashmere is sometimes called the “diamond fiber.” Culled from the bellies of certain well-dressed goats, the fine hairs are naturally scarce and were traditionally accordingly priced.
But roughly 20 years ago, decades after your grandfather passed on his one precious Pringle of Scotland sweater to your father, the prized fiber went mass-market. Its price dipped during the Asian financial crisis, whetting demand and triggering expansions by producers in China and Mongolia and timesaving fabrication shortcuts. What was once a fancy-schmancy item became a bargain at Costco. Today, prices for cashmere crew...
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