This Is the Bag You Wish You Had When You Were in High School

The piece: Cambridge Satchel Company Mini Bag

The price: $210

Why we want it: Just because we aren't actually headed back to school doesn't mean we can't add to our back-to-school style arsenal. And if splurging on a new backpack feels a little, well, elementary, the satchel is a sophisticated alternative. This season, we're going big with something very small. Starting today at 9 p.m. EDT, we're signing on to shop the Cambridge Satchel Company's "mini" capsule collection, exclusively for Gilt.com.

The collection – which features 10 exclusive colors, from pastel pinks and yellows to bold burgundies and blues – has all the traditional features of the classic satchel from the famous British company, like magnetic closures (so you don't have to actually waste time with those cute but pesky buckles) and a top handle but in an adorably compact size.

Scroll down to see all the cool colors up close. And, if browsing turns to buying, take note: Gilt members will get a $50 discount at checkout.