It looks like Bakelite. It's not Bakelite. It looks like amber. It's not amber. But wait...don't be sad...the news is actually pretty good.
This vintage necklace is made of great swirling orange / yellow beads that seem to be made of ceramic, glass or possibly, hard plastic...it's hard to tell.
The strand measures 28 inches. The center bead is the biggest at 20mm wide and then they graduate up the strand to about 11mm wide. The original spring ring still springs and the beads all look good with no damage.
Overall, this necklace is in excellent vintage condition. It's a great-looking old bead necklace...in spite of not being what it looks like. Circa 1950s.
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The Not-What-It-Looks-Like Vintage Bead Necklace