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Do you have a photo of the base? What do you suppose the blue piece would be made from? Lapis, died agate, soap stone or?
It's a very strange shape, that seems to lend itself to something specific. It might just be an ornate contact lens case?
I found a double circle box which held an opium scale? Might that be what it originally held?
Thanks for your reply :)
I just happen to have a few old, antique opium bottles. They measure 1-1/2" high, and 1-3/4" high. There are quite a few ads on line for "Opium bottle holders" with a wide range of values depending on metals, age and condition. Needless to say, that is what you have.
Thanks Tom - sold it as an opium box for £51. The seller was thrilled with it!