IT IS NOT 8 PLY PEOPLE!
It is in fact slightly bigger than 4 ply, but essentially should only be used in patterns for 4ply cotton yarn. I know this because I compared it to the Panda Regal 4ply cotton that I use for Crocheting and it was THE SAME SIZE! Is it a conspiracy?? I don't know, but the lesson is, don't buy anything from a bargain bin at a Craft fair. You have been warned!
The other reason I know that it is not 8ply is because today my beeooottiful Jo Sharp DK Cotton yarn turned up! It is the most luscious yarn I have seen, that is since my Lorna's Laces order turned up!! :)
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Further updates on my progress will of course be posted soon! (Along with photos of my work in progress(es)!). :)