This Icelandic Magical Stave is called Vieositafur, it is used to create good luck in fishing and bringing in a good catch.  It is a prosperity talisman.

Each Talisman is created by hand, one at a time by me, more here...

The popularity of Icelandic Magical Staves is growing for a good reason. Fishing was and is a large part of the Icelandic economy and if fishing is a part of your life you need to own this Talisman.  

The Talisman is colored to represent the cold, clear waters of the North Atlantic.

Because each Talisman is created by hand, one at a time, there is a slight size variation among them.  They range from 10 to 12 ounces ( 284 to 340 gm) and are approximately 3.5 to 4 inches (8.9 to 10.2 cm) across.