This is very old, and I must say I'm not quite sure what it is used for but think some kind of equestrian tack.  It is 3 leather straps with a ring at the top, and just below a metal shield with hand painted horse head.  Just below are 3 metal helmet decorations, and the lower is all hand sewn on round leather gold dots.  There is one missing dot, and one with not the gold color as the others.  At the bottom there are 3 straps with two having knots, and the other does not have the knot.  This measures approximately 53" long, and the top metal section with the hand painted horse measures 4 1/2" wide X 6".  If anyone knows more about this, I'd love to hear from you.  Please look closely at my photos for details.  Item 775