This is a style of Queen Bee bag I've never seen before. It's not septia-toned because it's old. (Although Queen Bee bags of the 1900's would have been great accessories.) Owner Lauree says it's actually pink vinyl. I'm calling any unknown style of bag "mystery" from here on in.
UPDATE: Mystery solved! A commentor below fills us in.
"45rpm" handbag! There was also a larger version called the " LP TOTE".And Lauree has posted a color version!