New Years Eve is an evening when many Fashionistas find themselves attending a semi-formal or formal event where keeping warm just is not on the agenda. Most party attire does not offer long, warm sleeves; rather, they bare the shoulder or provide little coverage in the form of a short sleeve. For an evening such as this, a wrap is in order.

The one type of cover up Fashionistas should have their closets, or invest in for New Years this year, is a black formal wrap. A formal wrap is an easy way to keep warm and not hide your entire outfit underneath a large coat. If you have a black wrap in velvet, silk or cashmere buried in your closet, then you are all set for keeping warm this New Years Eve without sacrificing your fabulous outfit. If you do not already own a wrap that works with your holiday attire or is basic black, then it is time to go shopping.

There are several classic yet festive wraps on store shelves right now that will also make great investment pieces. Iiana Wolf has a sequin silver and black wrap that is perfect for New Years and can easily be an investment piece for years to come. Gucci has a festive black or lavender animal print wrap that features fringe on the edges. Loro Piana has a wool scarf that features animal prints. Although not a formal wrap, the Loro Piana wrap can easily be worn for a semi-formal event and with any pant outfit.

The thing to look for in an investment wrap is longevity and quality. Wraps should be classic and in a color that you know will integrate well with your current wardrobe. The quality should also high since a wrap is on the outside of your outfit, it will be the first impression someone has of your ensemble. Look for quality wools, velvet and smooth silk. Happy shopping, Happy New Years and have a fabulous night  

Loro Piana wrap from the winter 2010 collection. Photo courtesy of Loro Piana