You can probably see the armour on your character... but not in your bag, on the floor, and on your character profile. :suspiciou If this is the case, make sure you have the 'looks' set correctly.
MagicRobe(M)
Stdmode: 10, Shape: 4, Looks: 63
SoulArmour(M)
Stdmode: 10, Shape: 5, Looks: 64...