Milady may have carried this small hand crochet bag over her wrist as it is the perfect size to carry a few necessaries. More than likely though, the small bag is a needlework bag which was used to hold a crochet thread ball or yarn ball for knitting. The end of the thread or yarn could easily be threaded through the small opening on the sides of bag so the thread wouldn't become tangled. Dates from the Edwardian era to about 1920. It is crocheted in an ecru thread with rosettes, accented with two dangles, at either end of the handle Two more dangles at the bottom of the bag.
Measurements: 9" long from the top of the handle to bottom. 3-3/4" diameter at the widest point of the purse.