Vintage 1950s dusty rose princess dress

This dress is a fixer upper and needs someone who can give it the TLC it deserves. It has a hole under each arm and another hole on the side near the zipper (see pics). There is also some yellowing from age under the arms. However, it has great potential for a perfect ballerina fairy princess dress! The fabric is a slightly sheer iridescent pink brocade with an embroidered art nouveau-esque floral motif with scalloping on the hem. Measurements (taken flat): Bust: 16” Waist: 14” Length: 49”