This figurine is Melchior, one of the wisemen from Fontanini's 5" Collection.
Made in the Tuscany region of Italy, these figurines are made of polymer - an almost unbreakable material. These pieces are safe for little hands, but are not a toy.
This piece comes in a gift box with a story card placing Melchior in the Nativity story, showing life in Biblical times. Look for the other wise men on my website.