I love how this horizontal rib shifts and staggars to make an interesting texture that is tres chic. It can be done in playful colors like shown here or take on a very sophisticated look done in more subtle tones.
The yarn weight and needle size don't matter here. Its important to get the drape and feel you like.
The playful yarn used here is from Classic Elite, Liberty Wool, in color Afterglow, a worsted weight superwash wool with 122 yards per ball. I used 4 balls.
The pattern is available on Ravelry.com, Knitting Buzz Designs.
Happy Knitting!
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