Of all the outfits from "The Power of Madonna," this seems to be the most popular. I've gotten so many emails about this outfit, and I am glad to say I DID find this outfit.
I'm 100% sure that Emma is not, in fact, wearing a skirt and blouse under the purple cardi. She is most definitely wearing a Kate Spade Cloey Dress. The question is...which one? I've uncovered these versions of the dress so far:
Cloey Dress on sale at KateSpade.com ($277)
It's clear that the top of the dress matches what Emma is wearing in this scene, but in a different color. So the question remains: does the dress come in another color, or did the amazing Lou Eyrich dye the top of this dress (and change the belt to black) to color it up for television? I'm guessing the latter.
ETA: Thanks to WWEPW's amazing reader Angela, we have confirmation that this dress DOES come in the purple colorway. THANK YOU, ANGELA!!!
Similar Kate Spade separates:
Kate Spade Kayla Pencil Skirt at Nordstrom ($147)
Graphic Garland Cloey Blouse on sale in red at KateSpade.com ($99)
Baby-Cable Button Front Cardigan from L.L.Bean ($49.50)
Merona Women's Cable Cardigan Sweater from Target ($23)
Cambridge Cable Cardigan from J.Crew ($60)
Emma's favorite shoes:
Spencer Patent-Trimmed Crackle-Metallic Mary Janes from J.Crew
Sadly, these beauties are no longer available, but you might find a pair on eBay!