This simple purse shows of the fun colors in the recycled sari silk yarn, but could be replaced with any heavy worsted novelty yarn. Knits up quickly, in the round magic loop, with only one seam at the strap. Fits your going-out essentials; keys, money, ID, cell phone.
70 yards sari silk yarn
US 6 / 4mm circular needle, minimum 32" long
4 sts x 7 rows = 1"
Finished size: 7" wide x 6.5" high
Turkish cast-on 24 stitches over both ends of the needle. Slide one needle out, as you would for magic loop, to work the first set of stitches. Knit 6 rows of stockinette over the first 24 stitches, leaving the other half of the cast-on stitches on the cable.
Knit 24 stitches, pick up 4 stitches along the edge of the 6 rows.
Rotate work, shifting needles to work the reserved 24 stitches. Pick up 4 stitches along the other edge of the 6 rows.
Knit all stitches, in the round for 5".
Knit 10 sts, BO 4, knit to end.
Knit 10 sts, cast on 4, knit to end.
Knit 3 round.
BO to last 5 sts. Pick up 1st BO stitch.
Work stockinette over 6 sts for 20".
Kitchener 6 strap sts to the other side of bag opening.
Sew on button corresponding to the button hole.