Just purchased this new item from Hello Kitty. It is the Hello Kitty Indian Hobo Cross Body Bag at Japan LA (I don't like the word "Indian" when referring to Native American's but you get the idea here). Here you will find an embossed faux leather bag with a detachable faux leather tassel. The bag is 9.5"X 6.75" in size. I'm not usually one for leather styles, nor am I usually a fan of tassels. Some how Sanrio has pulled it off.
This item can be found on the November 20th, post on the Japan LA blog. The bag is sold directly on the website for $59.95. For those who are interested there is also a matching wallet sold for $32.95.