This is a beautiful white porcelain figurine from Giuseppe Armani called "The Three Graces" (model #1256A) 

The figurine is magnificent in everything from the quality of work to the thoughtfulness of details. Created in Italy in 1998 at the Capodimonte manufactory, where Giuseppe Armani worked and created his beautiful figurines by hand, which makes them exclusive and unique. Armani, as an artist and sculptor, became famous for his incredibly "live" and "realistic" works. His products were acquired by museums in Europe during the lifetime of the master. The figure "The Three Graces" impresses with its believability and anatomical accuracy. 

The figurine is 14-1/4" tall with base 10"x7" and in excellent condition with no damage. It is boxed in custom molded packing for safe shipping (just like the original box).