This is a wonderful, vintage, black velvet handbag by L&M and features a huge gold tone clasp that resembles a crown & adds much sophistication to this bag. It is in pristine condition! The purse is surprisingly roomy and has three inside pockets. The lining is black satin and states "L & M a Spot Lite Exclusive" in gold lettering with the L&M logo. The lining is gathered which gives to open widely for placing items inside or for reaching for a lipstick. The outside measurements are 8 1/4" x 5" and the handle is a 6" drop to the bag. This one is a classic and will last and last. You just don't find them like this anymore. It is from the 50's.
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