A lovely Balinese figural keris holder. I could be wrong, but i don't think it is all that old. Perhaps post 1970s. But it is attractive and decently carved.
I am not prepared to name this figure , but i will point out that as far as i know the Queen of the South Sea is a Javanese mythology. This, i believe is a Balinese keris holder. I'm not sure that such a cross-over exists.