Exquisite lace tied in knots (8)
I believe the answer is:
delicate
'exquisite' is the definition.
('delicate' can be similar in meaning to 'exquisite')
'lace tied in knots' is the wordplay.
'in knots' indicates an anagram (I've seen this in other clues).
'lace'+'tied'='lacetied'
'lacetied' anagrammed gives 'DELICATE'.
(Other definitions for delicate that I've seen before include "Very fine in structure" , "Flimsy" , "Exquistley fine or easily damaged" , "Very finely textured" , "Not strong or healthy" .)