If you can believe it, those great big tassels on Michael Kors' White Chain Link Bag are just decorative! It closes with a magnet, not the drawstring with those tassels. Inside is a slide pocket, a leather cosmetic case, and a white suede lining. There is some wear on the corners, some wear on the inside of the attached cosmetic bag, and it comes with a dustbag. With a metal logo plate on one end of this thick pebbled leather bag, the handles are silver and resin chain with a drop of eight inches. The chain goes from the bag up into the strap and has some weight to it on this slouchy bag, with its curvy bottom. So the tassels are strictly decorative, while the chain is the chain, chain, chain, Chain of Love!