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My favorite clutch of the moment is Derek Lam's Elsa in gray python, apparently it is Kate's as well. She has been seen clutching it on many occasions (yesterday at a London club opening) and if you owned this clutch you'd understand why.  It just has that je ne sais quoi-ness to it-- you know what I mean, it's cool without trying, just like Kate.

I use it several times a week myself, it is ultra functional and edgy chic to boot.  It instantly hips up any outfit I have on, even if it's a boring shift dress.

I was told the Elsa in gray python sold out mere days after it was posted here two months ago.  If you missed out, try calling Wayne and see if he can find one from somewhere for you.  If not, you can order it in bubblegum for resort 2010!

Call Wayne at 212-966-1616 or email him here.

Molly Sims looking effortlessly stylish while out shopping for sunglasses. Her casual look of leather jacket with jeans was capped off with a rocker chic bag by Fullum & Holt (a name you need to know about). Crafted from supple lambskin, Fullum & Holt's "Oversized Spiral" retails for $600 and is available in black and cream as well as a smaller version, the "Half Spiral" which retails for $575 (they look like pillows and I kinda want to cuddle).

The collection can be purchased online at Fullum Boutique here, as well as at select retail outlets for $480 - $720.

About Fullum & Holt designer: Recognized for his eccentric leather cuts, his sophisticated tailoring and his outright fascination for everything that's unconventional, Denis Gagnon is, without a doubt, one of the most important Canadian designers in this day and age.

Photos: BNC

One of my very best friends, famed Asian actress Kelly Lin, carried a stunning Kotur gold snake d'Abo clutch with a red hot Versace gown to the Shanghai International Film festival this weekend. I gave her the clutch and knew it would look fabulous on her (if you must know, it was a trade-- we have been trading things in our closets for about 13 years-- it's so strange that we fit into each other's clothes even though I'm 6 inches shorter!). There is a lot of rumours about Kel's love interest, many of you have even emailed me about it and all I have to say is she is very happy ;)

If you are a Kelly Lin fan, you must check out her award nominated performance in 'The Sparrow'. I'm so proud of her!

Kotur clutches have long been a red carpet favorite in Hollywood, I'm happy to see Kelly rocking my favorite style from the line even better than the LA girls.

Check out the d'Abo here on Kotur's website.

I went to the Tiffany / Vogue party for the introduction of the new Key Collection. I covered this event on Jewel Snob (yes! we have brought back Jewel Snob and it is all new and super exciting!!). I met Melissa George (Sadie Harris on Grey's Anatomy and Laura on In Treatment) at the party and she had the most stunning and adorable crocodile bag with ash colored topaz beaded strap. I was totally amazed when she told me it was by Taryn Rose. I only know of Taryn Rose for their sensible comfortable shoes, not their bags! If only their shoes were as cute at this bag, I would be able to walk and look good at the same time!! It is a simple flap bag with no logos or detail other than the strap, which of course makes the bag. I am in the process of contacting Taryn Rose to bring you more information about this bag and possibly an entire bag collection. I will do an update when I find out more!

I can't get over how flawless Evan Rachel Wood's skin is. Does she not look like some sort of science fiction robot? I mean who looks like that!?!? Her crazy beautiful alabaster skin is amazing and her newly dyed red hair really sets it off better than her original color. Enough envy over the skin of a 21 year old, what I'm really I'm freaking out about is her fabulous Gucci Fall 2009 dress with feather details and Jimmy Choo Kase clutch. The clutch is streamlined and chic (the one pictured was from last season, the one she has is the black onyx Fall 09 version)-- actually reminds me of a space ship. Mayber hers. $1,495 at Jimmy Choo stores.  The crystal embellished version is also for Fall 09, so fabulous!

Source: Justjared

Michelle Obama is not one for the obvious when it comes to fashion. She is understated and tasteful so appropriately, she shows up in New York in a VBH Ballerina Clutch in Colbalt Blue Satin ($1500). She contrasts her LBD with this bright clutch that totally pops. Who knew she was such a Bag Snob? I mean, only those in the know can appreciate what VBH is all about - quality, simplicity and subtlety but oh-so stylish!

Katie Holmes is on my watch list lately and not just because she is a devoted mommy! Katie has developed a very diverse bag collection (almost entirely purchased by Tom or herself I was told)-- from edgy Gryson totes to this classic Valextra shopper, Katie doesn't follow trends and is really maturing into a fashion icon in her own right. A woman who carries this Valextra shopper is one who does not seek attention, this is about as subtle and understated as you can get!

I love Valextra bags, they are made impeccably well and are so simple chic-- my purple Boston bag has been around the world squished in a suitcase and I never worry because I know it won't fall apart. I'd love to have this shopper for traveling, it fits magazines and a lap top perfectly.

At Barneys New York. Or call Cory at Barneys -- 469-221-4727
What about you?  Do you love Valextra?  (Photos: Valextra and Justjared.com)

Anna Lynne McCord (from 90210); Brenda Song (from Twilight); Jessica Lowndes (also 90210)

OK, fine, these are not the biggest A-listers but young Hollywood starlets are the ones to watch because they are not so predictable. The Cole Haan Phoebe is young, hip, practical and easy on the budget. The soft thick straps are incredibly comfortable and the knotted finish is super cute. It's details like that and the interesting piping that are subtle but really make this bag Snob and Celeb Worthy. The best part though is the function - there is the main center zipped compartment and 2 open side compartments that are the width of the entire bag. Other (slightly bigger) celebrities seen with the bag are Jordin Sparks and Paris Hilton. At Cole Haan for $598.

Derek Lam Elsa clutch in python ($1,450 at Derek Lam 212-966-1616, or email Wayne!)

I love Kate Moss and I love Derek Lam, and I love that Kate loves Derek, too. Okay enough gushing but I'm really excited to see Kate carrying Derek's Elsa clutch in gray python.  Kelly waxed on over the leather version($790) but I'm all about this lovely shade of steel gray exotic skin (I am so treating myself to this for Mother's Day!).  Sexy and flirtatious, it's perfect for the martini sipping Derek Lam girl (I like mine dirty and shaken please, with extra olives!). This is a large clutch at 11" and has little extras like the magnetic asymmetric outer pocket to hold your ID for easy access (if you're lucky enough to get carded) plus hidden flap pocket.  Luxe satin lined interior holds another zipper pocket and open pocket-- the Elsa clutch has all the functionality of a large bag without the bulk which makes it great to use during the day, too! The small loop will allow you to actually hold it without the football grip when shopping, much more chic.  Call Jeff or Wayne at the Derek Lam boutique to order 212-966-1616-- or stop by in person to check out the ultra chic space at 10-12 Crosby St at Howard.  
  

Paris Hilton was asked on tape if she was concerned about the outbreak of the Swine flu on TMZ today and her response was "I don't eat that". Okay then!  Apparently she is as wise and in tune to current events as ever.

She's toting her furry dog bed called Chewy Vuitton here which I'm certain her dog will eat which makes it a total waste of money.

I don't know, is it me or is she getting more annoying with age and Nicole Richie getting less annoying? 

What do you think?

Photo via People.com