What is it?

[Omega]

Something to do with sewing maybe? Just want to make sure I advertise it correctly on eBay.

 

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[pong12211]

Maybe a diaper pin or something along those lines. Just a guess.

 

[Darrow]

looks like a sweater or shawl pin to me

 

[OU812]

A kilt pin perhaps?

 

[CladSpends2]

I agree, a kilt pin or could be used as one. I have others of my own that look similar. I am in a pipe and drum band and that would definitely work as a kilt pin.

T.

 

[Butter Hat]

Apart from the ornament, it's a stitch holder for knitting. To me, it indicates either a handcrafted or special-order item.