I just bought this dress from AG and so obviously it is a recent Mattel one I have, and the leather on the vest does not look like the "pleather" shown above. It is a warmer brown color, more like the older style shown in the picture link above, and the design seems etched into it, not just printed on. So perhaps they went back to a better quality material? The hat is lovely, and the dress is really gorgeous on Josefina, who tends to look best in warmer tones. I don't have a picture with Josefina right now, but here is one of my custom doll, Jane, with the outfit. It does look best on Josefina, though.
My DD picked this dress at AGDC last weekend for her Caroline doll. She particularly loves the gloves, and I think the overall prettiness of the dress is a great draw for the target audience. This morning she wanted to dress Caroline in a new outfit I had made, so I got the chance to dress my Elizabeth in it. Elizabeth is wearing it with Caroline's meet pantaloons and socks, and of course without the hair band, since their hair colors don't match. I think it is a lovely outfit. The only thing I am not crazy about is the hair that is part of the hair band - it looks weird and it limits the usefulness of the hair band. A nice simple gold band would have been a better choice.