Vintage Ornate Gold-Tone Cloak Clasp? With Painted Portrait Cabochon Art Deco 7”

I truly love this piece but don’t understand it. I bought it being told it was part of a finger bracelet. Decorative clasps and brooches have been used for centuries to fasten garments, particularly cloaks, capes, and heavy fabrics. These pieces often served not only a functional purpose but also as significant status symbols and expressions of personal style, adorned with precious metals, gemstones, and intricate craftsmanship. The evolution of fashion and garment construction led to a diversification in clasp designs, from simple utilitarian pieces to elaborate works of art.