The 3.1 Phillip Lim Edie studded bag first came out in black and red during the fall of last year.

It sold out so fast that us mere mortals couldn’t get our hands on it.

That’s because Diane Kruger, Rachel Bilson, Nicky Hilton and Leighton Meester had all been spotted carrying the lust worthy bag causing a huge demand.

Well good news, the bag is back for Fall 2010, but this time in a buttery grey colour.

What I love about this bag is that the bow is ultra girlie, but the studs add a roughness to it.

Girl meets punk.

It was added to Net-A-Porter US site today, so get it quick before it sells out again.

Rachel Bilson loved her 3.1 Phillip Lim bag as she was spotted carrying it everywhere.

Credit: Fame Pictures, Wenn & Getty