Gorgeous! I think spending $ on good coats and jeans are worth it... you are going to wear them so much. Sometimes I break down the cost by the amount of times I wear something to justify the cost. Like if you wear the coat 100 times, then it only costs $10 a wear and that is totally woth it!
I'm going to be the voice of dissent: I don't think it is very cute, especially for $1000. You could do a lot better and have enough to get a great pair of shoes.