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If you skimmed the boutiques of Nolita for the choicest knickknacks, cut the prices in half, and added a pinch of exotic flavor, what you'd get is M Sonii, an Aladdin's cave of one-of-a-kind treasures handcrafted by local designers. Materials from Indonesia, Thailand, and the Philippines end up as raw-silk satchels embroidered with beads or '50s-style rickrack-edged handbags. Delicate beaded and fringed purses are fit for a modern-day flapper, diamantA(c) hair combs for a night on the town. Jewelry (the venetian-glass bracelets took my fancy), hats and scarves, and a limited but stylish bit of clothing round out the picture.