Delvaux madame pm
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Delvaux Madame PM

$3,950 - barneys.com
Delvaux black smooth-calfskin Madame PM bag detailed with manta ray front flap. Flap slips through leather strap and secures at front; polished silver-tone hardware. Lined with smooth contrast leather; zip pocket at interior. Adjustable shoulder strap. 7.25" height x 9.50" width x 3.00" depth (approximately) 20" maximum strap drop (approximately) Includes leather-bound travel mirror. Made in France.
Buy at barneys.com
11859260433291980547
found by AquaGardenia

As sported by Olivia Palermo

Olivia cutout643