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This is a lovely etched signed 800 silver (commonly used in Europe, slightly lower grade than 925 sterling silver) lipstick compact. Measuring about 2" long and 5/8" deep and wide, the well made hinged compact dates to the 1940s or 50s.
The charming little purse piece held the small lipsticks of days gone by. Though still functional, many choose to collect these to display on a vanity with other sterling and silver compacts and vanity pieces. Opening on a hinge, a lovely oval cabachon Persian turquoise stone (I didn't test it to see if it was genuine or simulated) serves as a clasp You slide it open and the the spring loaded mirror pops up and the lipstick slides out. Superb!
In excellent condition, the piece is free of damage or repair and is being sold as found without polishing or buffing.