Correction: Katie is carrying Coach‘s Madison Gathered Twist clutch from the Fall 2013 collection.
Katie Holmes (seen here with pal Naomi Watts) recently attended Coach’s High Line Party in NYC looking summer chic in a white, one shoulder number by Chloe, Alaia shoes and carrying a sweet Miu Miu Matelasse wallet. This is the perfect accessory for summer as you don’t want to be bogged down by big bags when you’re playing in the sunshine. You want to wear less of everything- even when it comes to arm candy in this case. The Miu Miu wallet is pretty in pink with just enough room inside to fit the essentials, Downsize for yourself this summer and pick this up at Net-A-Porter for $480.