Hermes Rodeo Pegase PM Charm Milo Lambskin and Swift Calfskin Chocolat Bleu de France Craie H083010CACY

The Pegase is the Rodeo with wings, and that stitched wing is exactly why I chose it over the plain horse. Mine is the Chocolat colourway — a deep brown body, one Bleu de France wing panel and Craie accents. Clipped to the handle of a black Kelly at a dinner last month, it collected more questions than the bag did.

Two leathers share the work here. The body and mane are cut in Milo lambskin, the supple glove leather with a matte, almost velvety surface; the wing comes in Swift calfskin, which is smoother and holds a crisp edge, so the shape stays open instead of collapsing. At 9.7 by 7.8 centimetres and about a centimetre thick, it rides lightly on any handle.

In daily use it lives on the front ring of my Picotin or the strap loop of a weekend bag. The leather softens where my thumb catches it, and the whole charm tips forward as you walk, which I find charming rather than annoying. Soft canvas and smooth leather are harmless companions; car keys are not.

The honest trade-off is Milo itself. This leather marks if something rubs it the wrong way, and the pale Craie trim will slowly darken at the points you handle most, so I keep mine clipped to a bag rather than loose in a pocket. Handmade, so no two wings sit identically — which is the whole argument for the Pegase over a flat metal trinket.