The Hourglass gets its name from the shape — wider at the top and bottom, pinched in the middle, which is structural rather than decorative. Black box calf leather, gold B hardware on the front flap, rolled top handle, leather-lined interior with a zip pocket. The small size is the right size — big enough to actually use, compact enough to feel like a statement piece rather than a work bag. Interior shows light wear, exterior is very good condition.