This is a Wizard of Oz 75th Anniversary collectible set featuring a ruby red slippers pendant necklace on a silver-tone chain, presented in a green and pink gift box with Emerald City artwork. The set includes a red satin drawstring pouch/bag, a Wizard of Oz cast photo coaster or card, and the original retail packaging boxes. This appears to be a licensed collectible merchandise item commemorating the 75th anniversary of the classic 1939 film.