This was given to me by my grandma. I am estimating this bag is from the 1970s-1980s. It's still in good condition with very light wear. The top flap is made of pony hair, trimmed in leather, and is a deep maroon color. The body of the bag is a lighter brick red. There is a large pocket on the front with pretty embroidery.
I used this as a bookbag in college. It measures 14 1/2" tall by 14 1/2" wide. The measurements were taken while the bag was lying flat. In the front pocket on the exterior, I was able to cram a calculator, plenty of pens, an energy bar, my cell phone and a couple lip balms. It measures 9 1/2" wide by 7" high. The length from the bag to the middle of the strap is 18". The interior of the bag is beyond roomy.
I remember stowing a couple larger sized textbooks, my datebook and whatever else I could stuff in there. The front flap clicks closed by a magnetic gold snap. There is a drawstring that I tighten to close the top of the bag. To keep the drawstring snug, there is a piece of horn or perhaps, a horn-shaped piece of wood with two holes drilled into it. Bagheera is carved on it.
This shoulder bag is good quality. The leather is very pliable and smooth. The pony hair isn't rough at all. It's finely textured and soft. I would improve the strap. It is kind of thin (A little over 3/4") and uncushioned. It wasn't supportive when I had heavy books in there. The strap would dig into my shoulder.