This is a Lladró 1987 Annual Porcelain Christmas Bell in excellent condition.  This is a beautiful collectible ornament with embossed children on front and back, contrasting pink bands, the year 1987 and pink ribbon.  The inside of the bell has a porcelain embossed clapper on gold chain as well as the Lladro backstamp.  I do not have the original box.  This item has no chips, cracks, scratches, stains, or noticeable wear.  From a nonsmoking home.