it's quite casual, the leather, although soft in texture, has a sort of worn look, like an old leather jacket even though there is no distressing in it, it's not a dark black, more like a slightly faded black. and the gold is sort of a brushed gold, not blingy at all.
it wouldn't work to a fancy night event, it's not that elegant, but it would be great for a dinner out, bar, the theater, or a simpler party. And since you have the chain, you can throw it on your shoulder when you get sick of holding it or want to dance or whatever.
I'd love it for day too, I just think there is something so polished about a women wiht a casual outfit, great shoes, and carrying a non dinky clutch.
oh, and here's a pic I've had saved for a while...

wireimage