Silk Smoke Ring
From the pattern description: This smoke ring is knitted circularly to make a seamless tube. Although the lace pattern looks complicated, the spectacular results are accomplished with a stitch sequence that is repetitive and relatively easy.
There are no special knitting techniques needed to make the fluted scallop edge — the shaping occurs naturally as a result of the bias structure of the lace pattern stitch.
Stitch instructions: Charted and written