When you think of a leather pouch, the word "sexy" might not spring immediately to mind. But in the capable hands of Comme des Garçons designer Rei Kawakubo, this typically ho-hum accessory has become not just that but a must-have statement piece for fashion insiders (and an attainable one—it costs under $200). Made of soft but structured leather, the pouches have long been available in basic black or brown plus a range of ultra-brights; newer options include cheerful polka dots and playful embossed patterns. And the size is just right: slim enough to tuck under your arm but capable of fitting the essentials (phone, cash and cards, a lipstick or two) without looking overstuffed. Whether carried as your evening clutch or tucked into your everyday bag as the world’s chicest makeup case, this is one of those "how did I ever leave the house without it?" accessories that you’ll be toting (and collecting) for years to come.
Click through the slideshow to shop out 28 perfect pouches now.