Eel skin was popular in the ‘80s and this is one nice little lipstick or cosmetic case that looks like it was never used!  The eel skin cover is a soft and supple brown with a hint of red and the interior is lined in bright red fabric. 

This great little case is 4 ½” long, 1 3/8” wide and 2 ¼” high (from the bottom to the top of the clasp).  Unsigned.