I'm of the school of thought that the mic is at least two pieces...separate found items.
Regarding the top bit, my first reaction was, "napkin ring." However, after looking at the end cap with the ruby/red colored lens in it, I'm more inclined to think it may be one of those little round jewelry boxes. The design of the "lid" looks similar to some I've seen on Gau boxes and the like. If it is a jewelry box, Tibetan for example, it probably had a piece of colored coral in the center that was removed and replaced with the ruby/red light. I couldn't find a match, but the pic below should give the idea of what I'm talking about:
For the lower section with the multiple dragons, I've looked through a number of lamps, fantasy type goblets and even opium pipes and have yet to find anything even close.
Thoughts?