The focal piece is vintage, most likely from the 1920s.
It is probably Czech, made of silver-plated base metal -- quite substantial, and is set with sparkling clear rhinestones.
Three of the sets were missing when I found it in an estate sale; they've been replaced with contemporary Swarovski Siam ruby crystal rhinestones.
The graceful strand and swag are made with clear Czech firepolish and Swarovski Siam ruby bicone crystal beads.
Note the matching Siam ruby rhinestone roundels, and the clear rhinestone stations that attach the strand and swag.
The versatile hook-and-extender closure gives the strand a working length of from 16-1/2 to 18-1/2 inches.
Far more graceful than any scan could depict, it's another bargain beauty from SPARKLE PLENTY.
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