This vintage silvered glass German Christmas ornament is called Kneeling Angel with Molded Wings in my Christmas identification books. Johnson's Pictorial Guide shows a 1970s version in a non-clip, hanging form valued at $65 to $85. However, this ornament is older, from 1950s West Germany, marked as such on the bottom of the spring clip.
The ornament is about 4 inches long including the clip, 3 inches from top of head to bottom of dress. She has flesh painted face and clasped hands. The abrupt contrast of the bright colors gives a bit of a garish appearance. There's a little paint wear, mostly to the red paint and at the upper lip and left eyebrow. No chips, breaks, or excessive wear and the clip works properly.