This is a Zuni fetish necklace which is a type of jewelry made by the Zuni people of the American Southwest.
Zuni fetishes are small carvings of animals or other figures that are believed to hold spiritual power.
The large figure at the bottom of the necklace is a hand carved horse.
Authentic Old Pawn jewelry will have a natural gray patina, indicating age. It takes decades for the patina to develop and may appear grayer in dry climates like the southwest. Humidity will add a darker, blacker patina. Patina typically isn’t buffed off in order to preserve its history and value. Made of Sterling Silver
This is vintage jewelry handmade by Native American Indians and is a southwestern fashion style.