It turned out to be time consuming (about 4 hours) , but worth it in the end.
2 yards of fleshtone tricot knit from Denver Fabrics
Once the heat cooled down (but we all know I burned all my fingers anyway!) I started wrapping the tactel around the section at the one glued edge and let dry.
Then I would go to the opposite edge, glue gun, stretch the tricot knit and stick.
I worked section by section, on a plastic matt, because GLUE WILL SPILL, TRUST ME. The trickiest part is gluing around the dials and cutting away the fabric from there so that it will not bulk.
And voila, a shiny, brand new Diana, with an actual fleshtone body!