Fashion "It" Bags for 2010

Every season spotlights several "It Bags" that top the list of fashion must-haves. Whether made popular by a top rated TV show or an A-list celebrity, these bags have gained major media coverage. If you can afford to splurge on a luxury bag, then here are a few you should consider suggested by popular demand.

Badgley Mischka Caroline Knot Tote

This modern day briefcase is the epitome of sophisticated style. This tote is large enough for carrying your laptop (or iPad) yet chic enough for taking the bag from day into evening. The soft leather has a great hand feel while the multiple straps allows for a variety of options for wear. Try the long straps worn cross-body for a casual business look or the short handles for a formal briefcase. It's affordable luxury priced at $498.

Alexander Wang Jena Clutch in Cut Velvet Leather

Over recent seasons, Alexander Wang bags have been placed on the same coveted scale as Louis Vuitton and Gucci classics. His latest Jena clutch designed in velvet leather, features exposed zippers and fastenings on the front flap, adding an edge to a timeless oversize envelope clutch. Available in two neutral colors, black and smoke, this classy bag is sure not to go out of style. Retails for $525.

Sara Berman Decca Midi Studded Shoulder Bag

This slouch shoulder bag oozes with style. From the exterior shiny studs to the satin leopard print interior, every detail of this leather bag is contemporary and cool. The straps and bottom of the bag are elegantly adorned with gold-tone studs, while the sides feature subtle ruching. With plenty of internal pockets it's spacious enough to hold all your everyday essentials and more. Available for $545.