Alexander Wang Cut Velvet Jena Clutch in Smoke. I've wanted this bag ever since I held it in my hands for entirely too long at Opening Ceremony last fall. I loved everything about it: the laser cut leather, the elephant grey color, and the oversized zippers providing a rock & roll edge.
It went on sale, but I debated too long on a purchase and it sold out. Thanks to a heads up on the Purse Forum the bag is now finally mine.