A beautiful coat is the piece people see most during the colder months, which makes it one of the smartest places to invest. Cashmere and wool cashmere blends are worth the premium. They are lighter than heavy wool yet warmer, drape softly instead of standing stiff, and feel luxurious against your hands and neck. Camel is the classic for good reason, since it flatters most skin tones and looks warm over black, cream, denim and grey. Black is the most formal and works over evening wear. Chocolate and soft grey are subtle alternatives that feel just as polished. Shape matters as much as fabric. Belted wrap coats are relaxed and feminine. Double breasted styles feel tailored and structured. Long, straight cuts that fall below the knee look sleek and elongating. Try on any coat with a sweater underneath to be sure the shoulders and sleeves still fit well.

Keep what goes underneath simple so the coat stays the focus. A fine knit and straight trousers, or a turtleneck with jeans, are easy foundations. A long scarf draped loosely over the shoulders adds warmth and texture. Belted styles can be worn tied, open or with the belt knotted behind for a cleaner line. Brush cashmere gently after wear and give it a day to rest on a wide, shaped hanger.