Need help identifying stitch

Love this stitch can anyone tell me what it is? Also love the thread.

https://s-media-cache-ak0.pinimg.com/originals/6e/7f/7b/6e7f7bf8147f55742f638ad6a3169258.jpg

It looks like it’s machine made which doesn’t always transfer to hand knit stitches. The yarn looks like lace weight which would be hard to use and make sturdy enough for a purse I’d think with the hand knit stitches. :shrug:

Thanks!