Presenting Balenciaga's Holiday 2012 Collection. For this year, Balenciaga has named their collection, the Pearly Collection. The handbags and accessories that were introduced in this collection are made of grained goatskin leather with a pearly effect. Colors available are Red, Pink and Bronze. Also available are some of Balenciaga's Classic bags and accessories with Gold Hardware in Red and Black colors. You may visit the Balenciaga website to treat yourself with this perfect Christmas present! Check-out the prices below for the latest collection.