This is a 1992 Schmid 100th anniversary Beatrix Potter Peter Rabbit collectable. It is a ceramic hand painted Peter Rabbit hanging on a hook. Very delicate. Pastel colors. Branded "1992 F. W. & Co." on the bottom and also has a Schmid sticker on it. Made in Malaysia. Adorable baby shower gift or perfect for the Beatrix Potter enthusiast. 
It measures 5.5" tall by 3" wide. Peter Rabbit is only 2.5" tall.