This is a decorative Christmas ornament featuring a pointed oval shape, bell shape, and circle shape with an intricate  wooden  geometric pattern on the backside  with a black/red ribbon for hanging.
The ornament is covered in iridescent/red or black glitter/rhinestones that sparkle in the light. 
It has a black backing, which makes the lattice-like geometric design stand out.
The shape is characteristic of a traditional Arabesque or Moroccan tile design.
It is designed to be hung, likely as a holiday decoration on a Christmas tree or around the home. 
These are very unique and a one of its style specifically made by Gigi herself.