Someone at Cole Haan should buy a spellchecker - it's spelled "ruched", isn't it? (Although my spellchecker doesn't recognise that either, offering "rushed" and "ouched".) Plus "ruched" is a word likely to strike horror into my heart, bringing to mind those awful knicker curtains that used to be so popular. Fortunately this soft leather bag keeps the ruching to a minimum, but I'd love it anyway because of the shape. There's something about this shape that just grabs me. Costing $395, you can grab this bag (also available in black) from Plaza Too.
Related: Chinese Laundry's gorgeous granny bag | Cole Haan's 'Nappa' collection wallets | Ruched clutch from Strandbags