"she had worn tights and bullion fringe just like a ballet girl "
French Republican Guard uniform with bullion fringe epaulettes
Creative Commons AttributionFrench Republican Guard uniform with bullion fringe epaulettes - Credit: Jastrow, Wikimedia Commons

Bullion fringe is a heavy corded fringing usually used to trim curtains, cushions, upholstered furniture, lampshades and so on.

It may also be used for epaulettes on soldiers' uniforms.

Follow this link for various types of bullion fringe.