After doing the simple refashioning of the thrifted Silk Tweed jacket of the silk tweed skirt and the jacket suit, I tackled the skirt part. The skirt was fine except too long on my short body.
Since the skirt has inverted box pleats at the bottom, I couldn't just shorten the hem. Instead, I shortened the skirt just above the box pleats by 6cm. Of course I had to shorten the lining by 6cm as well.
I was going to embellish the skirt with the same navy velvet ribbon. However, I decided against it because I thought it would be too fussy and might draw attention to that seam where I shortened the skirt.
Here is how the whole suit look with the refashioned jacket and skirt. You can kinda see the seam line where I had shortened the skirt. I hope that if I don't point it out then no one would notice.