The newest celebrity ‘IT’ bag on the block is the Loewe Flamenco bag which was presented during the Spring 2011 collection.

The nappa leather Flamenco bag stands out because of its variety of colours, drawstring opening and – in some cases contrasting coloured – tassels.

This bag would be sure to jazz up any look.

Yasmin le Bon, Claudia Schiffer and Jessica Alba opted for bold colours, whilst Mila Kunis carried a more conservative bronzed colour.

Other celebs seen carrying this bag include Freida Pinto, Leigh Lezark, Emily Blunt and Leighton Meester.

The Loewe Flamenco bag comes in a range of colours which has me shuffling from the nude to the purple in a failed attempt to pick a favourite.

Matches Fashion have narrowed down the options, as they have this bag available in green, purple and orange.

Credit: Getty, Fame Pictures, Bauer Griffin & Splash