This example is either a reproduction or a fantasy hatpin holder, depending on whether or not an authentic original in the same shape was once made. It is not a French 'Limoges' item, as titled. This piece is design to look like a hand painted original and as such is intended to appeal to (and fool) modern collectors. Logic indicates this to be true, since these days no one realistically needs a hatpin holder for practical purposes anymore.
This item is decorated in a floral motif more reminiscent of Nippon hatpin holders. Indeed this same item may be a faithful reproduction of an authentic old Nippon marked piece and the spurious Limoges mark on its base may be part of a plan to have the same fake return greater monetary rewards by making sure the same shape/design will appeal to multiple collector groups (hatpin and hatpin holder collectors and Nippon and Limoges collectors). The added appeal of cobalt blue decoration may help it to visually appeal to yet another group of collectors. Many items that can be found wearing a false Limoges mark like this one in this listing often are also sold by the same reproduction wholesale sources with equally spurious R.S. Prussia or Nippon marks, instead. In other words, it is possible to have the exact same item, identical in all ways except for a pretend 'maker's mark' on the bottom.
The mark shown is not an authentic Limoges, France back-stamp. The mark does help the item meet requirements for imported goods in that it actually bears the name of the country of its manufacture - it was indeed made in 'China' as stated, “Limoges China.”
The fleur-dis-lis with banner mark illustrated in this listing is a well-known fake mark. Well-known, that is, to veteran collectors. However, it is one that can still cause confusion for beginning collectors, who may assume items bearing it must be old and authentic. So we offer it for viewing here for that reason. A similar, newer, mark of fleur-dis-lis without the banner can be seen in Item ID: 2007RP00051 here in this shop. While there are other aspects about this item that would help to identify if for what it is all one needs to remember is that any item that bears this specific mark cannot be authentic. No French Limoges company ever used this mark in the past. It is a contemporary construct.
As shown, this item measures approximately 5 1/2 inches tall and its base is about 4 ½ inches in diameter.