This is a wonderful, tailored and vintage, black velvet handbag by L & M and features a huge gold tone clasp that resembles a crown and adds a flair of 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 and M logo. The lining is shirred which gives to open widely for placing items inside or for reaching for a lipstick. The outside measurements are 8.25 inches x 5 inches and the handle is a 6 inch 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 late 1950s or early 1960s
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L and M Black Velvet Handbag with Crown Clasp