Can't believe I found this pattern! What I once posted thinking it was a vest, is really a dress. It's the Icon Dress by Purl Alpaca Designs.
Pretty lace knitting pattern Nr 719 a.k.a. Diamond Rib. Try combining a single repeat with points on the side to make an edging. Looks a similar to the Kendal edging and insertion ~~ http://blog.trud.ru/users/3719379/post359562433/
Lace Shawl and Wrap Knitting Patterns | In the Loop Knitting