It might be a piece of costume jewelry used for a costume party. It looks to me like the moto is Suum Quique which translates to "To each his own." ...
I agree with all the previous posts and the only suggestion I have to add is that it might be a blazer button, though I'm not sure that Germans wear...
Another adage I learned long ago in collecting is if the piece needs explanations for certain features, it is best to walk on. The more explanations...
After learning about WW2 in my history lesson i instantly became fascinated with anything war related, it started by watching programs on the Yesterday channel to painting Airfix models to getting my first Iron Cross, as i am getting more money i am now trying to expand my collection!
Location:
Behind The Computer, UK
Interests:
Basket Ball, WW2, tennis and many more =D
Occupation:
Student / Part Time Accountant
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If anybody has any unwanted Militaria it would be gratfully received into my collection Just PM me.
Just PM me. 
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