I’m just back from Milan, where, in addition to the shows, I haunted showrooms preparing for our next Accessories Report. One thing I noticed is that one of last season’s handbag trends is still going strong: as we called it at the time, the incredible shrinking bag. From every editor at the shows to most models on the runways, small, colorful bags were the It accessory of the season. It’s even become relatively rare to see a “regular”-sized bag, on or off the catwalk. That doesn’t mean they make a small statement, though. The best of the bunch came in loud, color-blocked hues and in exotic skins, from Prada’s rectangular little python numbers to Tod’s double-skin clutches (top) to the new Bulgari Serpenti in lizard (bottom).