This is a teapot lid holder or knob  holder which keeps your fingers cool while you stir the pot or check your tea level.

The cute little reversible gadget hand made padded fabric cone lid holder has a sort of Italian cooking theme outside and green with stylized polka dots on the other side.

The local USA artisan made lid knob holder is padded with Thinsulate to insulate your fingers.

The knob potholder measures 3.5 inches high by 4 inches in diameter, and is new and hand made.