Old, old news. Very, very old.
Silk has been used since the beginning of the 20th century as a bullet resistant fiber. Expense was the biggest problem. Silk cost so much that it wasn't cost-effective to mass-produce it for use in vests and garments.
The Swiss made and issued bullet and fragment resistant cloaks for a time for issue to their troops, but again expense was too great.
During the Prohibition era, soft body armor became fairly popular among the gangster element in this country, because they were the only ones who could afford it. because of increasing numbers of gangsters wearing silk body armor, the FBI commissioned the development of the .38 Super round in 1911-framed pistols specifically to defeat soft armor of the time.
Kevlar itself is an "Aramid" fiber, or one that mimics the properties of silk. Because its base material is the smae kind of long-chain polymers that make nylon, Kevlar, and the earlier variants therof, became cheap enough that military and law enforcement entities could afford to use the material for soft body armor.
Some newer bullet resistant fibers, like Spectrshield (and I think Twaron[sp?]) are "non-aramid" fibers. Bulk is often a "good" thing in non-concealable armor, anyway. I suffer trauam from falling over stuff on tactical missions more often (as in about every other time) than I have been shot at (once), and the protection from blunt force trauma by being "armored up" is a consideration.