You can make two beautiful and luxurious cashmere purses with just one skein of Pashmina and this beautiful free pattern published in Knitty.
If you're a Ravelry member, you may want to check out these projects to see how the pattern works up in other Pashmina colorways.
The purses may be small, but the pattern packs a punch - it includes cables, beading, and instructions for lining!
A little background on Kristin Goedert: Kristin is an accomplished graphic designer with a passion for knitting. She sometimes blogs at *Left Coast Knits and can be found on Ravelry as leftcoastknits or through her designer page.