I love this card! We made this at the Mimi Meeting (SWAS). I don't know who designed it. The little purse is made by using punches. The bottom of the purse is made with the square punch. The top flap of the purse is made with a circle punch, and you just cut the circle in half. Then tape a ribbon on the back for the purse handle. Then punch through the whole thing with a cropadile and set the brad. The brad is a square rhinestone from page 189 of the catty. The paper is the Ginger Blossom designer paper.
Stamp Set: Lots of Thoughts (from the Sell-A-Bration Catty - now retired).