I think it is probably a brooch, missing the pin of course. would be worn where where the round part would dangle freely. Probably had colored glass stones glued in place. I imagine it dates from the late 1930's to late 40's
thanks alot dave and jewlerguy. i thought brooch too but seen no marks of a broken pin or anything.... maybe someone will have a better shaped on or info on it ? thanks again
Looks kinda like a medal you would pin on someones chest. but I wouldn't recognize it to be anything special. Could be something someone had made for their organization. Interesting nonetheless.
I do see on the left had side of the top of the piece, a depression - perhaps part of a attach point? My personal thought is this is a part of a ladies chatelaine (Waist clip/pin key holder)- the free hanging loop behind the "Fob" would be where she could add /remove the chins for her keys, pin case, etc. You can see where the ring attaches to the fob is bent out of shape.