If there's a functional luxury It item, there's a good chance that Jennifer Lawrence will be wearing it (or at least have it in her cart). She's the queen of low-key luxury, and that term is exemplified by the bag she just carried in New York City: the new Loewe Puzzle Tote. As someone who has been very keyed into the new fall It bags, I feel like I've been seeing this one everywhere, and with good reason.

If you're familiar with Loewe, you're probably aware it's partly known for its various "puzzle" handbags. They're unique, timeless, and wildly popular because of it.

The new Puzzle Tote is a decidedly functional addition to the lineup, as it's beautiful but also fits a lot of items. Lawrence opted for the medium version in the versatile khaki green, but the tote is also available in other neutral shades and mini and large sizes. Perhaps the bag's coolest aspect is that it folds down to a flat square when empty, making it an excellent option for travel.

Scroll on to shop the It bag before it starts selling out.

On Jennifer Lawrence: Loewe Puzzle Leather Tote Bag in Dark Khaki Green ($1900); Ralph Lauren Cotton Chino Ball Cap ($45); Birkenstock sandals