It is called the Clasp Bag. It's a beautiful silhouette and made in what looks to be a shiny and smooth Calfskin. I believe there will be a Top Handle shoulder Bag, an elongated shopper variation with the same clasp closure, and a clutch (great for evening). It's ladylike aesthetic is something to be excited for!
I saw this for the first time this weekend. It reminds of the 50's when ladies wore pumps, swing coats, a-line skirts and cotton gloves. I believe it will be the next it bag. I would pair it with a sheath dress in a contrasting color to make it pop or a "Hepburn-esque" LBD . It's a perfect "dinner date" bag. Sigh... if I could only grow a money tree in my back yard.