This black velvet Nicole Farhi blazer dates to Sarah’s own years working in fashion. “Nicole Farhi and French Connection was actually the last job I had in the industry before I resigned to have my children and then subsequently bought The Colony,” she says. One of her favorite purchases from the job—and the result of a carefully considered employee clothing allowance—the jacket has a classic single-breasted shape embellished with cascading velvet ribbon along the lapels. “I did a lot of black tie, and being a New Yorker, my black tie is often black,” Sarah says. “This was the perfect thing to layer over it on those chilly New York winter nights.”