Digby Antiques (Wiltshire) has dated this piece to the 1920s.
The silver owl ends go over the ends of the four needles.
Each owl is hallmarked for Birmingham 1917 makers mark John Price Hunt.

The needles are steel. The owls pull off each end on the elastic so that the needles can be taken out and put back in.
There is minimal wear to the owl decoration. This really is a rare item.
L 17 cm
Each owl is 4.5 cm long 1.5 cm wide and 1 cm deep
Digby Antiques (Wiltshire) has dated this piece to the 1920s.
You can view the stock and full dealer information on the Digby Antiques (Wiltshire) Profile Page