This bag is exactly as pictured, and the quality is outstanding.  I just got back from a cruise where I used this for the formal nights, and I got so many compliments.  I was able to easily fit my phone, lipstick, cruise lanyard, and still had a lot of room to spare.  I used the bag as a clutch so I cannot speak to the shoulder strap, but I highly recommend this bag.  In fact, I am considering purchasing other colors myself.