I really really like that! It does remind me exactly of fine wood. it reminds me almost of satinwood or a lightly burled wood unless it is my monitor making it appear that way. It is possible it has been hand finished/dyed in the second layer of the dye process. It would be an export made for the US as it would say Florenza Italia I believe if it was made for the locals.
Is the gold inlaid, "stamped" or painted? Is the "horseshoe" part of the top concentric circle and it closes by the bottom one fitting into it, or is that just a decoration and it is a turn lock?
A common myth is that Italy is known for their fine leather. When in truth, they are actually known for their leather finishing processes. All the leather is imported. If you go to Italy you will see sheep and goat herd...too hilly/mountainous for cattle who are not nearly as sure footed. They get their hides from the north. Any climate more temperate than Italy and the hides would have too many scars from insects. That's why for the most part Mexican and South American native leathergoods are elaborated tooled. Or more likely to be heavily processed or otherwise maniupulated.
Sorry, went a little OT....