Lace knitting No.31 | Here's a simple design with lacy diamonds. This is a beautiful stitch pattern and easy to knit up.
Cast on a multiple of 10 sts,  + 1
Row 1 and all wrong side rows: Purl.
Row 2 – RS: K2, * k2tog, (k1, yo) twice, k1, ssk, k3; rep from *, ending last repeat with k2.
Row 4: K1, * k2tog, k1, yo, k3, yo, k1, ssk, k1; rep from * to end.
Row 6: K2tog, * k1, yo, k5, yo, k1, sl 1-k2tog-psso; rep from *, ending last repeat with ssk.
Row 8: K1, * yo, k1, ssk, k3, k2tog, k1, yo, k1; rep from * to end.
Row 10: K2, * yo, k1, ssk, k1, k2tog, k1, yo, k3; rep from *, ending last repeat with k2.
Row 12: K3, * yo, k1, sl 1-k2tog-psso, k1, yo, k5; rep from *, ending last repeat with k3.
Repeat Rows 1 - 12. (PDF file)

Lace stitches of the Month -   February 2015

#30 Lace Diamond Chain
#31 Coral Diamond
#32 Lace Triangle
#33 Grapevine
#34 Lace Diamonds
#35 Horseshoe