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]