This unique necklace is pretty incredible. I would say it is in good to excellent condition. There is a tiny bit of rust on the inside chain, and a little on the inside of the purse as well. It probably can be removed easily. I am not sure of the material used to make this. It is heavy the watch is heavy as well, and I am not sure if the watch works, I never tested it, it might just need a new battery. The purse still snaps nicely like it is brand new. It weighs 1.3 oz. There is no sterling silver stamp.