Fossil 1954 red-orange bag with braided leather handle and zipper pull

Fossil 1954 red-orange shoulder bag with braided leather (?) handle, zipper pull, bottom and side accents. One zippered inside pouch and two open inside pockets. Bag portion measures 13” wide, 6” tall, and 3.5” deep. Measures 14” from top of handle to bottom of bag. Nearly new condition. Only sign of wear whatsoever is a few small white scratches on the bottom leather (?) strip (see photo). Note: I believe all the brown parts are real leather but do not know for sure. A great find!