If you're anything like me, you have Taylor Swift's new version of her Red album on repeat all day today. Of course, she's been busy this week on a promotional tour

supporting the new release, which has included two late-night talk shows, a red carpet event, and rehearsals for her Saturday Night Live appearance. 

One of my favorite looks so far has been her plum-colored velvet Etro suit, which she styled with Alexandre Birman boots. Velvet is a trend that Swift brings back every fall and winter without fail—and can you blame her? Especially when worn in a beautiful gemstone color, it's just so perfectly festive and cozy for the season. Oh, and let's not forget about the stars of her short film: Sadie Sink and Dylan O'Brien, who also looked exceptionally cool on the red carpet. Scroll down to see the photos and shop my favorite velvet pieces.