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Will drapers accept the ready only for it? (8)

Ross

I believe the answer is:

cashmere

I'm a little stuck... Click here to teach me more about this clue!

'will drapers' is the definition.
Although both the answer and definition are singular nouns, I can't see how one could define the other.

'accept the ready only for it?' is the wordplay.
I cannot quite understand how this works, but
'ready' could be 'cash' (ready can informally mean cash) and 'cash' is found within the answer.
'only' could be 'mere' (I've seen this in another clue) and 'mere' is present in the answer.
No letters remain.
This explanation may well be incorrect...

Can you help me to learn more?

(Other definitions for cashmere that I've seen before include "Soft fabric made from the wool of a goat" , "A schemer in expensive wool" , "fine cloth" , "Fine wool for a schemer" , "Expensive material" .)

I've seen this clue in the Evening Standard.
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