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5 Water Shard
1 Karakul Skin
Oops! This is embarrassing
We don't have much data for Lanolin right now, if you have some to share please post a comment for others kupo!
This is a really easy and cheap achievement to get by simply quick synthesising http://xivdb.com/recipe/1169/lanolin, which takes a single http://xivdb.com/item/5308/karakul+skin to craft. On my server Karakul Skin sells in bulk for 99-199 Gil each, so excluding the Water Shard cost this one only costs around 225k Gil to unlock from 0.