I believe it says KAVKAZ Russian. Which is a mountainous region of Southwest Russia that separates the Black Sea from the Caspian Sea. In terms of condition, the silver is good and hallmarked 84 as pictured. There is wear and marks to the fabric of the belt and the velvet lining as you might expect and as pictured.
Measures 28 inches in length. This item is in the category "Antiques\Silver\Solid Silver\Other Solid Silver".uk2014" and is located in this country: GB. This item can be shipped to United Kingdom, Antigua and Barbuda, Austria, Belgium, Bulgaria, Republic of Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Australia, United States, Bahrain, Canada, Brazil, Japan, New Zealand, China, Israel, Hong Kong, Norway, Indonesia, Malaysia, Mexico, Singapore, South Korea, Switzerland, Taiwan, Thailand, Bangladesh, Belize, Bermuda, Bolivia, Barbados, Brunei Darussalam, Cayman Islands, Dominica, Ecuador, Egypt, Guernsey, Gibraltar, Guadeloupe, Grenada, French Guiana, Iceland, Jersey, Jordan, Cambodia, Saint Kitts-Nevis, Saint Lucia, Liechtenstein, Sri Lanka, Macau, Monaco, Maldives, Montserrat, Martinique, Nicaragua, Oman, Pakistan, Peru, Paraguay, Reunion, Turks and Caicos Islands, Aruba, Saudi Arabia, South Africa, United Arab Emirates, Chile, Bahamas, Colombia, Costa Rica, Dominican Republic, Guatemala, Honduras, Jamaica, Kuwait, Panama, Philippines, Qatar, El Salvador, Trinidad and Tobago, Vietnam.