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A WINTER SWEATER has to satisfy certain criteria: It should provide warmth, feel good against the skin and fit reasonably well (read: body-skimming rather than body-gripping, and not bulky either). For his label 3.1 Phillip Lim, New York designer Phillip Lim has put his spin on the cold-weather staple, elevating it to an edgy yet pretty statement-maker.

“I’ve been in a do-it-yourself spirit of late,” said Mr. Lim, who wanted this machine-made sweater to look “classic and handmade, with a little madness woven in.” Two metallic…