What is this 3" hat pin like item?

This piece was in a bag of jewelry I purchased. In the same bag was the velvet box. NO idea if they go together, but first photograph shows both.

The stone in this looks new-ish, and not that exciting. Not like an nicer old sparkly rhinestone even. Kind of like a crudely done inexpensive rhinestone. I would have thought the entire thing was some kind of newer item, but the rest of it looks like it might be older. Also there is a tiny deliberate hole for something, half way down.

Any thoughts? Thanks.

 

Looks like. It also looks like a golf marker.(LOL)

 

Thanks Davey, and Eve.

Definitely hat-pin like, but yes, its about the size of a golf marker.

 

Does the stone look like it is glued in? A top view photo without a lot of reflection would help.

 

It's for poking the a** of the golf competition when ready to swing.

 

Hi,
Looks like a Bobbypin went in there to hold the hat pin in place.
greg

 

That would work, maybe the kinked ones too.

 

Hard to see from just a photo, but the hole is too small for a bobby pin. Just tried a stick pin from my cork board --even that was too thick.

 

Which type Bobby pin?

 

Even those old black bobby pins would be too thick I'm thinking. A small sized needle goes through, but only just.

 

Not thinking that this has a huge value, just a bit perplexed. Kind of an older looking base with an inexpensive looking stone. It is also tapered, but maybe some hat pins are.

 

I think this may be just a piece of something else. Just don't ask me a piece of what.