That cloth appears to be familiar.
To be honest, we’ve never seen a wedding photo that checks all of the clichéd ’90s boxes at the same time. Look at how thick and heavy the velvet fabric is. We think we’ve seen such material before, but it was probably hanging as curtains in super-rich people’s mansions.
That lace was most likely included to give these outfits a more feminine touch, however we can’t say it adds much to the overall look.