This is the third shrug (also jokingly known as a shroud in our family) that I have knit for my sister. You can see the first one here and the second one here. This time, the pattern is a different one called the Calypso Shrug/Shoulder Wrap, and it comes from the book, Sock Yarn One-Skein Wonders, by Judith Durant.
The shrug is essentially one long rectangle that is fastened with two buttons at the elbows. The lace is called "seafoam," and it is simple to do. I am sure that lots of other lace patterns could be used in a shrug like this one.
The yarn is Malabrigo Sock (100% merino wool) in the Primavera color way. It's an interesting color; in some light it looks rather khaki-ish, but close up you can see the color variations.
I hope you can also see the bronze colored beads when you enlarge the photo above. This was my first project using beads in knitting, and it won't be my last. If you are interested in beaded knitting, check out this article which will tell you a great deal of what you need to know.
There are different ways to get the beads on to the yarn. I just followed the directions in the book and used a crochet hook to place each bead as its stitch came up. The only bad moment was when I accidentally harpooned myself in the leg with the very tiny crochet hook, but that's a story for another day.
The possibilities for beaded work are endless, I'm sure. I can't wait to try again. (Just as soon as my leg heals).