Devi Kroell Accordion, Handbag of the Day

The Devi Kroell Accordion bag is delicately sized at 12" x 8 1/4" x 4 3/4", the perfect size for a boxy little purse. When box-shaped purses get too small, they look twee, and when too large, they appear to be luggage.

The expanding, accordion-style design of this bag exudes "functionality," which makes it an excellent accessory for the woman who doesn't wish too appear to flashy in these somber economic times. The subtle colors are demure and modest.

Still, this Italian made bag doesn't skimp on the luxury. It is crafted from from origami eel and sea snake and retails for $4,150 at Devi Kroell. It also comes in black, complimented with silver.