From 1900, this decorative sterling silver and rose gold over sterling pendant resembles a family crest.
The English, particularly in the first four decades of the 1900s, were tournament and competition happy. Events ranging from those such as darts to golfing or diving to animals from the top rabbit to a particular dog breed best in show, competitions were continuously held.
No ordinary plastic or paper award was sufficient, the top prizes were often sterling silver. This beauty happens to be blank awaiting your own initials if you choose.
A shield shaped center in rose gold over silver is surrounded by ornate and engraved garlands. Dating to 1900, jumble it in a "neck mess" of favored charms and amulets. This one is certainly large enough to dangle from a chain and wear it solo.