After the last graphics update the cloth jacket doesn't show on my character. It is just the standard "naked" chest piece as if it wasnt equipped.
I've tried, unequip and equip again, took it off and relogged, verified graphics pack, mounted wagon and cart and horse and it still doesn't show up even though it is equipped.
*edit* traded it to my other char and it does not show up when he equips it either
This is how my char look: