I don't have a magnet but I have a friend and he says he does not believe it to be "real". But like I said before I have had it for over 20 years and it's held up quite nicely. (:
It really is unique!! I've had it for such a long time and am home bound so I don't get to wear and enjoy it! It looks pretty like on a lapel of a jacket or to hold a scarf in place. I've never seen this anywhere else! !