This is a stunning set - very likely from the late 1940s - 1950s made from a woven jacquard type material in a metallic bronze colour with repeating patterns in pink and blue. The clasp is a large cabuchon stone, possibly a faux carnelian on a metal leaf shape and it has a small chain handle to slip onto your wrist. A different chain could be added to make it work for you. Complete with a matching purse with sweet filigree metal kiss clasp. Interior is in good overall condition, some light wear/fraying to the fabric.
 
Bag: 17cm wide x 14cm high (21cm high including handle)
Purse: 9.5cm wide x 8cm high