- For Teachers
It's a figurine - of fine porcelain.
It's also a statuette. It could be a bauble, but baubles have little value, by definition. A lot of these figurines are quite valuable.
Figurine is exactly what I'd call it too.
I'm not a teacher, but I write for a living. Please don't ask me about 2nd conditionals, but I'm a safe bet for what reads well in (American) English.