What is this? Jewelry, button...?

austinkirsh

Tenderfoot
Jun 6, 2013
8
3
Primary Interest:
All Treasure Hunting

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It looks like machine part to me, maybe an indicator. Does the "stone" appear to be glass?
And is the metal tube in the back hollow? Also, diameter and thickness would help.
 

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I added a dime for size reference. The pin on the back is not hollow, and if you look closely at the back there are a few specs of a gold color. I'm not sure how I would tell the difference between glass and stone, but to me it looks like a stone. There are some tiny cracks around the outside of it, and there are a couple spots of yellow you can see mixed in with the red.
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