This cute laughing horse pin tests positive for Bakelite, but I think it is probably Catalin, overdyed. In any case it is a very loveable horse! It has a multi-color rhinestone collar and a green glass eye. The pin measures 2-1/2 x 2-1/2 inches. Considering it is from the 1930s or 1940s, it is in excellent vintage condition. On the collar, the fourth rhinestone from the bottom is a topaz, and looks fine "in person." Not sure why it faded out in the pic. If the pin is indeed bakelite, it would probably not be Elzac, since to my knowledge that company never made jewelry out of bakelite. The pin will be shipped in a gift box.