Personally, I find the dress with a nice jacket and pumps perfect for work (but also what attract me chic). The cut is indeed form-fitting but not lewd or inappropriate. With a Jacket is added to the whole thing, add a little more elegance. Offering beautiful bow on the side of the dress is added the right amount of playfulness, without being obtrusive.
I do not know what kind of a substance, but it is very comfortable to the touch and just feels nice.
Conclusion: A really great dress for the office or fancier "Events", quite well for a wedding or baptism. Buy recommendation.