Pencil Case for 120 Pencils - I'm very happy with this case - got it on sale for less than $20! :) It will hold colored pencils of standard size (Prismacolor, Blick etc.) easily. Some brands, eg. Derwent's Artist, Coloursoft, etc. will fit, but not the full count. This is a sturdy, well made case. Don't bother with leather unless your pencils are worth a whole heck of a lot of dough! The canvas is fine - and, if you like, you could probably decorate/label it with fabric paints.
Colored pencil storage --> For the most popular coloring books and supplies including colored pencils, watercolors, gel pens and drawing markers, please visit http://ColoringToolkit.com. Color... Relax... Chill.