Vintage leather stud box, with embossed lid.  Good quality item, probably made in the 1950s or thereabouts. 

  Measures 2.75" x 1.75" x 1" (7 x 4.5 x 2.5 cm) approx, when closed. 

Condition: Vintage stud box, a few decades old and in good working order, but with some scuffs and marks, as shown.