A fringe gathering of lace makers (5)
I believe the answer is:
ruche
This clue might be a double definition.
'a fringe' is the first definition.
(thesaurus)
'gathering of lace makers' is the second definition.
'ruche' can be an answer for 'gathering' (I've seen this before). I am not sure about the 'of lace makers' bit.
Can you help me to learn more?
(Other definitions for ruche that I've seen before include "Pleated strip of material" , "Frilled cloth as neck decoration" , "Fancy border" , "Pleated gathering of fabric" , "Decorative pleat" .)