Is Cork Fabric the New Leather?

I saw it in the local fabric store and immediately had to have it.  I love the look of leather but not the guilty feel of using it to make my jewelry.  It's called cork fabric and I was immediately impressed with how sophisticated and leather like it looks and feels.

My mission was to find if it performed well in making bead embroidered items.  I am here to tell you it does!

And here's proof.

Here's what it looks like when you buy it.  The feel is really nice.  At least the stuff I got at my local fabric store in Key West has a wonderful feel.  I googled it and got this pic from online at Sassafras Lane.