I made these two simple little purses for my cousins for christmas. The knitting was really quick, but I didn't use the yarn that was suggested. I used Patons allure which was pretty cheap, and one bag used maybe half of the 50g ball.
Anyway, they turned out simple and sparkley, and are just the right size for a fancy evening bag. I'll definitely be making some more as they are such an easy to make present. I lined them with some satiny material from the remnants bin.
Inside White Purse: