Transparences and PVC had a great diffusion, one of the chicest trend, in the s/s 2010. Prada is the most important brand that interpretated in the most beautiful and wearable way this trend. In the past was Chanel to create a "avant garde" and conceptual version of a bag. This bag, that belong to the f/w 2009, wasn't sold but a lot of magazines and blogs talked about it.
In this spring we see a lot of examples about this theme. Scognamiglio create a wonderful dress, with his caracteristic volumes, that it's not transparent but is made in PVC  and has some transparences in the right points. Commes des Garçons creates a nice jacket all transparent, the same "concept" is repurposed by Christopher Bailey for Burberry Prorsum for the following winter: a transparent with some black details jacket. Chloè made some amazing shoes, too. In this case, even if the aesthethic is really beautiful, there is the big risk of condensation especially in spring or in the rainy days. 
Lanvin and Chanel use transparences in the heels and make a nice model that is perfectly wearable and trandy. However, I believe that the most wearable, commercial and fashion concept is the Dolce and Gabbana Miss Sicily bag, that is a well done product because it doesn't leave all exposed. In particular there is a transparent but is make softer with the macramè lace and the things that are inside the bag are not all showed  to the indiscretion of other people.
I believe a lot in this trend, because it's so fresh and perfect for spring season even if I hope that the progresses of science would help to develop "new materials" which can be transparent and avoiding, at the same time, the problem of condensation.

Images and shop on-line:
Net-a-Porter (Chloè)
Colette (CDG)
LuisaViaRoma (Lanvin and Dolce&Gabbana)
Vogue (Prada and Scognamiglio)

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