The blazer (pictured left) is on sale for $119 (originally $170). Its shell is made from a rayon-cotton-spandex blend and its lining is satin polyester. I love the shawl collar and single button.
The single button compliments the matching slim sateen "tuxedo" pants (pictured right). The pants are made from the same rayon-cotton-spandex-blend. They are full-price at $79.50.
I think the suit would look great with these "Picasso 2" faux-suede wedges ($295) designed by Nathalie Portman.