It's beautiful. I have one almost identical that my grandmother had in her trunk. Inside it was a note: "To Papa." It was engraved, too: "Papa" My grandmother was born in 1896, and I believe the date on the gift card was 1916. She gave it to him when she was a young bride.
I don't believe mine was ever used. And we always assumed it was a tobacco holder, but nothing was ever put in it. The top is rather "flimsy," not firm on closing. Nothing that would ever keep matches dry.
Mine is silver. Treasure it and see if you can find out who it might have belonged to.