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A clutch that's both actually practical and really pretty? It exists! Rag & bone has released a pint-sized version of its ever-popular Pilot purse, and let's just say we're feeling all sorts of excited. First seen on the spring '13 runway back in September, the clutch is now available online and at rag & bone stores in black, coral, blue, and canary for $595 and in perforated black & white for $655. With exterior pockets and an optional, adjustable strap, this clutch might convince even us big-bag ladies to downsize.