I made this once before with Ultimo.
Working two str tog, Ultimo and fingering.
Need the dark mauve to tone down the pink of the Ultimo.
The color Lipstick is one serious hot pink.

Omitted fringe.
Worked two st ea side in garter so side edges lie flat.
Main section st st. Worked one st inc at beg / end RS rows alternately.
Increases:
r 1: RS, k2, inc one, k across.
r 2: WS, k2, purl acr to last two st, k2.
r 3: RS, k across to last two st, inc one, k2.
r 4: WS, = r 2.

At 35 st, one skein of three was used, worked even for second skein, then began decreases with third portion.

This pattern is no longer available.
Thanks to Lynn, RNKnitWit for sharing her version of it: Alpaca Boucle Brown/Gray Shawl
I copied her in my Teal Sparkle Rustic Wrap.
Increases / decreases in that one: M1 beg every third row to desired width, then, k2tog or ssk in same manner.