That's Medium Drawstring Hobo from Resort 2006's MIXED QUILTED LEATHER line, it comes in 2 sizes. I have only seen Emily (another style from this line) in this color in real life, the leather is soft. All the styles from this line look very classy. =)
DRAWSTRING HOBO
C363022
16 x 13.5 x 5"
$1175USD
Colors: Black, Oatmeal
MEDIUM DRAWSTRING HOBO
C363024
11 x 11 x 2.5"
$995USD
Colors: Black, Truffle, Oatmeal, Bisque