Hermès Two-Tone Carmen Key Ring is made of Milo lambskin, the kind used for fine gloves, and can be alternately used as a bag charm! Peeking out from under its Rouge H skirts is another layer of fringe in Pink. In good condition, it has marks on the metal and darkening of the leather. All rolled up and ready to do your bidding, this pompom is connected to a palladium ring!