East Asian-style beaded charm or decorative tassel

This item is a decorative charm or hanging ornament, stylistically consistent with modern East Asian folk crafts or souvenir jewelry. It features a central carved figure in a deep black, glossy material that appears to be carved stone or glass, depicting a stylized deity, likely a 'Laughing Buddha' (Budai/Hotei). The ornament is constructed on a red knotted cord, which is characteristic of traditional Chinese 'macrame' or knotting techniques. It includes several auxiliary components: red, circular translucent beads; a tubular dark bead with eye-like patterns reminiscent of 'Dzi' beads; and a cluster of smaller, multi-colored round and leaf-shaped elements in yellow, green, and red. A distinctive infinite or flower knot sits at the terminus of the cord. Based on the visual evidence, the materials are likely modern composites, glass, or common semi-precious stones, but physical testing would be required to verify the specific mineral content. There are no visible maker's marks, signatures, or metal hallmarks present in the image. The condition appears well-maintained with high luster on the surfaces, suggesting it is of relatively recent manufacture rather than an antique.

I have examined the provided image of the decorative hanging ornament. Based on what I can see, the item appears to be a modern production consistent with East Asian commemorative or folk-style accessories. The central figure likely depicts a Budai ('Laughing Buddha') carved from a material that, through a photo, I cannot verify as obsidian, jet, or a molded glass/composite. The cordage features traditional knotting techniques and secondary beads reminiscent of 'Dzi' patterns, which are often produced in modern resin or etched agate. Without physical inspection, I cannot confirm the mineral content or the density of the materials. My value estimate is based on the assumption that this is a contemporary, mass-produced decorative charm rather than a unique artisan piece or one using high-grade precious stones. The market for items of this type is generally stable but characterized by high supply and low entry-level price points. Factors that could increase value include provenance identifying a specific noted workshop or confirmation that the central element is high-quality natural stone. In-person examination to test the hardness of the beads and the fiber content of the cord would be necessary to establish a more precise valuation. If the item were discovered to be a designer-branded accessory or made with rare natural materials, the value could fluctuate slightly upward; however, as it stands, it is priced as a typical souvenir or gift-shop quality ornament. An unauthenticated piece of this type would typically sell for this modest range in a retail or secondary market setting.