From Knitty.com:

“Knit seamlessly with raglan shaping, this romantic, demure sweater has just a hint of Victorian charm. With delicate picots at the neckline that frame the face, a shapely empire waist and flattering, playful puffy sleeves, it is a versatile piece that is full of style. Cables that are just slightly staggered undulate gracefully down the “skirt” and create subtle diagonal lines.

Whether you wear it on its own or over a pretty blouse, it is a timeless must-have. You can also choose to cinch the waist and add even more feminine detail by tying a ribbon or scarf around it and in a bow at the back, as pictured here.”