This is a traditional handmade Chinese jewelry piece called the "Princess Phoenix Necklace," which was a tassel necklace worn by empresses in the Tang Dynasty.

The design of this jewelry is inspired by the phoenix and dragon, which are symbols of auspiciousness, power, and glory in ancient Chinese culture.

The phoenix is one of the important totems in traditional Chinese culture, representing beauty, happiness, and rebirth.

On the other hand, the dragon is a symbol of Chinese culture, representing authority, strength, and wisdom.

The design of this jewelry skillfully combines elements of the phoenix and dragon, showcasing the charm and uniqueness of ancient Chinese culture.