Giles Miller's Brown Paper Bag is made out of cardboard, cut on the bias to reveal the accidentally interesting pattern created by, well, cutting cardboard on the bias. It's been treated for water-resistance and is priced at about US $358.
We can't help but wonder--isn't making a pricey purse out of such readily available materials simply begging for it to be knocked off? Last week saw another huge "counterfeit purse ring" bust in New York's Chinatown, mere blocks from Core77's offices. We maintain that the reason these fake bag rings will keep proliferating is because a) people want to buy them and b) the means of manufacturing knock-offs is relatively easy to reproduce on an industrial scale. You'll never get rid of a), but maybe you can do something about b).
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http://www.moneyfactory.gov/
I'm sure the leather is from a Chinese tannery, not sustainable.
Just guessing the 'water resistant coating' is probably not too sustainable either, surely something uber toxic.