The Collaborative International Dictionary of English v.0.48:

Velvety \Vel"vet*y\, a.
   Made of velvet, or like velvet; soft; smooth; delicate.
   [1913 Webster]

WordNet (r) 3.0 (2006):

velvety
    adj 1: smooth and soft to sight or hearing or touch or taste
           [syn: velvet, velvety, velvet-textured]
    2: resembling velvet in having a smooth soft surface [syn:
       velvet, velvety]

Moby Thesaurus II by Grady Ward, 1.0:

58 Moby Thesaurus words for "velvety":
   attenuate, attenuated, buffed, burnished, cottony, dainty,
   delicate, downy, feathery, filmy, fine, fine-drawn, fine-grained,
   finespun, finished, flossy, fluffy, furbished, furry, fuzzy, gauzy,
   glace, glassy, glazed, gleaming, glossy, gossamer, gossamery,
   hirsute, lacquered, nappy, peachy, pinnate, plush, plushy,
   polished, pubescent, refined, rubbed, satin, satinlike, satiny,
   sericeous, shellacked, shiny, silken, silklike, silky, sleek,
   slick, smooth, soft, soft as silk, thin-spun, varnished,
   velutinous, velvetlike, wiredrawn