This looks like an Indian lady with a tanpura. It is by the designers Paoli Bros. and Sons.
More info on Paoli can be found here
Registered Design No: 904894
Date of registration: 22nd January, 1962
Article description: a mantel ornament
Name and address of proprietor: Alfredo Paoli and Giovanni Paoli, both British subjects, Giampaolo Paoli and Giancarlo Paoli, both Italian citizens, trading as Paoli Bros. and Son, 125-127 East Road, London, N.1.
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