According to Fodor's, " Aries is Mexico's finest purveyor of leather goods, with a superb selection of bags and accessories for men and women; prices are high."
Aries Mexico is still in business in Mexico City. Florencia 14 Mexico City 55-55332509
C00176: Great accordion style black leather bag by Aries Mexico with a wonderful silver Hoop Art Deco clasp and silver frame. The gusset areas are free from the frame, allowing the bag to open wide. The tan suede interior features one open and one metal zip pocket. The lining shows some pen marks and one stain on an inner gusset surface. There is some wear, but it's a lovely, ample sized, sturdy bag with real flair. Measures 11 3/4 x 1 x 9 1/4" with a double layer 14" handle.
The bag is available for sale for $85 at The Bag Lady Emporium.