I am not sure if it is Ivory or not, but I think it is actually a snuff bottle or maybe a perfume bottle

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You often will find unmarked Sterling Silver on little artworks
created by private artists, small jewelers etc.

This IS a Perfume Bottle.
It IS Ivory (the Elephant and the crack already says it) and the silver is VERY likely Sterling Silver.
I would describe it as SS !!

Thank you European Goodies! Was there a time when Sterling did not have to be marked as such?

I would say it is a snuff bottle. Note that the there is a slight spoon shape to the insert. In a place where it is not visible, try this.

The hot pin test can help you determine the difference between plastic, synthetic, bone and ivory. Its best to perform this test on the bottom of the object that is not visible as it may cause damage to plastic objects. Heat a needle until it is extremely hot than touch the needle against the object you are testing. A hot needle can not penetrate real ivory like it will a plastic or resin. When you touch bone with a hot needle smell the area that you touched. It should have a very unique smell like burning hair. When you touch ivory with a hot needle you will smell something more like a burning teeth dentist office type smell. Passing this test is a pretty good indication that you have real ivory.

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[URL removed] A Chatelaine is a set of household tools each attached to a chain and usually worn at the waist. Chatelaine tools frequently included scissors, a needle holder, thimble, vinaigrette, pin cushion, etui/necessaire, writing tablet, pencil, perfume bottle, seal, boot hook, etc.

Sterling isn’t always marked, just usually. When added as decoration you will often find it unmarked.

Bone has channels you can see with under magnification that you don’t see in ivory. If you do a search on testing ivory you will see great examples. DO NOT TEST ANYTHING WITH A HOT NEEDLE EVER! it is a very destructive test. Yes you will get melts, smells, etc. but you will also lower the value of the item. It can cause many materials to crack. Any real collector will pass over items with tiny needle holes in them and trust me these collectors carry loops and scrutinize their potential purchases thoroughly! I have even lost out on sales on simple buttons when they have come to me with needle test damage!

Beautiful piece!