Battara, I don't think American Indian can yet be discounted. The closest thing to this form is a Passamaquoddy vanity brush.
Also, although without firm validation there is this passage from a beaded bag with similar coloured beads of the same size.
"PASSAMAQUODDY (possible) Collection of Milwaukee Public Museum A bag quite similar in style was pictured on a Passamaquoddy man, and the blue trim and liberal use of crystal and light blue beads also point in the Maritime direction."
The sheer number of Indian made beaded works made and sold during the early 20th century might lead to a firm answer eventually.
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