Hi Mark,
What you have is called "kundre" in Bulgaria and it was a small, folding knife that women in Bulgaria used during the 19th century, and probably before that. It had various applications, the most famous being cutting a newborn's umbilical cord. Overall it was a utility tool, and by no means a fighting weapon, despite that it could have some limited application in self defence.
That is about it, but because you would probably ask how it was worn, well, it was worn on a string underneath the skirts. That is waht the ring is for.
Regards,
Teodor
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