5 Things to Ask About Cashmere

Not all cashmere is created equal. We show you how to find top-quality luxury at a good price.

1. Why is cashmere coveted? Run your hand across a fine merino wool sweater. Now, try it with cashmere. There's no comparison. Cashmere is softer, and its featherweight fiber is warmer than wool without adding bulk. The supply of imported cashmere to the U.S. ballooned almost 500% from 1997 to 2005, to 14.7 million pieces, as demand also soared. Prices remain relatively high, starting at about $100 for a good sweater. But in the world of luxury gifts, it's hard to beat cashmere's delight-per-dollar value.

2. Is the number of plies in a cashmere garment like a thread count -- the more the better? The yarn in a two-ply sweater is two strands twisted together to compensate for uneven or weak spots in the individual strands, resulting in a stronger sweater. Additional plies add weight and warmth, but they aren't really a measure of quality. Generally, single-ply cashmere won't be as durable. But high-end makers, such as cashmere icon Loro Piana, pull off lightweight, one-ply pieces with high-quality yarn and good construction.

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Reporter, Kiplinger's Personal Finance