Have you seen the Amazing® Lace Yarn by LionBrand Yarn?
Read the press release.
Finally, a lace weight yarn that feels like cashmere but won’t break the bank. Amazing® Lace is AMAZING: a palette of vibrant colors, good stitch definition, lovely drape and enough yardage in one ball to knit or crochet a shawl.
Don’t let the CYC 1 size scare you: the larger needle or hook size you use creates a lacy effect. You can also hold several colors together, or pair with a chunkier weight yarn for beautiful tweedy marled effects.