Luxurious fabric (6)
'luxurious fabric' is the definition.
(I've seen this in another clue)
This is the entire clue.
(Other definitions for velvet that I've seen before include "Silky fabric with thick pile" , "Silky densely piled fabric" , "Soft-surfaced fabric" , "Fabric of silk, cotton or nylon" , "You may find an iron hand in a ?? glove (6)" .)
(Other definitions for satin that I've seen before include "Saint (anag.)" , "Stain on shiny fabric" , "covered with?" , "Material with glossy front and dull back" , "Stain on silky cloth" .)