I have no business even thinking
about knitting this, as it would be for meeeee and I have beaucoup Christmas presents to knit, but....since you asked
I find mohair to be very itchy and I certainly can't afford to do that wrap in KidSilk Haze, beautiful though it may be!
I've been comtemplating a few different yarns and thought elann's Peruvian Pure Alpaca might
work? It would only run about $38 for the yarn and you could probably get two wraps out of 9 balls. I've been messing around with some possible colors and this is what I'm considering right now. Of course, I've only changed this configuration 47 bazillllion times, so don't hold me to anything