I'm guessing its a vase - 20.5cm high and 10cm diameter across the flat rim. Although, at first, I will admit I did think it was a toast on a drinking glass, and the rigaree was to make it non slip.
I have spent (literally) hours with Google translator......some of the results made me laugh out loud.
This is what I think it says on the vase :
Vereinte Lieb,
Vereinte Kraft,
Dem Haufe Glück,
Und Wohlstand Schafft.
This is what I have so far :
United love (united dear, united sweet)
United power, (combined strength, combined power, united strength)
Lots of luck,
And prosperity creates.
I really struggled with the first letter of the second word in the third row. So it could be Yaufe (year), Saufe (Baptism), and I think "Gaufe Gluck" would be "good luck", but I ruled it out as I thought the first letters of those two words should be the same.
I thought it might be a well known phrase or saying, but I could only find one reference to "Vereinte Leib" and that was in a hymn but without the rest of the text.
Never knew failing my German O'Level all those years ago would come back and bite me!
Only bought this piece out of curiosity about the text, but it would be intersting to hear any thoughts about the glass.