Pretty Little White Walborg Hand-Beaded bag

This little bag is just 6x6 inches by one inch. It is lined in satin and has a pretty beaded handle with a 12" drop.

the design is simple and clean and that is what I love about it: the entire bag is extremely simple and clean while still being decorative and totally frivolous. It weighs a ton for a little fabric-lined bag (almost 1 pound).
The label says it is Waborg made in Japan. I'm not sure when it was made -- I've only had it a few months.
The craftsmanship is very nice, particularly in contrast to the junk you get made today. I have a 5" round black beaded purse where the lining was put in upside down so the little pockets are facing down and useless.

If anyone knows anything about the Waborg bag, I'd love to learn more. Thanks!