If you've seen a llama before, you might recognize the animal that brings us the number three most expensive fabric. That animal is a Guanaco, which is, as you may have guessed already, related to the llama. Read what Capt'n John has discovered about this cuddly creature and how its wool becomes such pricey fabric.

Here is why Guanaco is the #3 Most Expensive Fabric:

"Have you ever heard of Guanaco fabric? This luxurious and sustainable fabric is harvested from the South American Guanaco, a member of the camel family.

You can spot guanacos in southern Peru, western Bolivia, Tierra del Fuego, Navarino Island, and some have even found their way to the Falkland Islands, where they were introduced from Argentina in the 1930s. A pale fawn color, with a snowy white underside, guanacos have adapted to all sorts of extreme, sometimes harsh, conditions. From the intensely arid environment of the Atacama Desert, to the often rainy and wind-buffeted Torres del Paine National Park, guanacos are masters of survival.

Guanaco fabric is known for its incredible softness and durability. It's also hypoallergenic and moisture-wicking, making it perfect for activewear and outdoor clothing. The natural colors of Guanaco fabric range from warm browns to rich grays, and the fabric can be dyed to create vibrant hues as well.

So, how is Guanaco fabric harvested? The fabric is obtained by shearing the animal's undercoat once a year. The wool is then cleaned, spun, and woven into a luxurious fabric.

Guanaco fabric is used for a variety of clothing items, from sweaters and coats to scarves and gloves. Its softness and warmth make it ideal for winter wear, while its durability and moisture-wicking properties make it perfect for activewear.

A number of reasons combine to make guanaco wool rare and prized: the scarcity of the animals; the small diameter of the fiber, which gives the wool its extreme softness; the intricate process of separating the downy undercoat from the rough overcoat; and the low yield of fiber per animal (2 to 3 pounds of wool per adult).

As with all uses of animals, it is important to make sure you are buying from a source that treats the animals ethically."

Stay tuned and come back next week to find out what the #2 Most Expensive Fabric is.

Below are a mother and daughter Guanaco, whose wool is used to make the third most expensive fabric in the world. (Photo from Cascada Expediciones)

Here is a Guanaco Blend Stole, made using Guanaco wool, from The Lanam Shop priced at $1,790.

Here is a Luxury Men's Scarf, made using Guanaco wool, priced at $216.89.