Perfectly executed, the Madison iPhone 4/4s Wallet elegantly combines a minimal wallet—two slots and a pocket for cards and cash—with an iPhone sleeve. Calf skin leather, hand-cut and sewn, in Cognac or Black, with cotton canvas lining, from Landmarks & Lions, crafters of handmade accessories for men (and women). Made in the USA. $75.
I think it’s not going to do well in a hip pocket, though it is very attractive.