[lugerholsterrepair]

Gentlemen, The round leather cord certainly looks period...The weave at the end is not like any I have ever seen, military issue or private commercial. I think the swivel is hinky as Ron says, similar types have been made for a hundred years and they are currently available in today's market. This one looks kinda new....Could be an old one cleaned up, hard to say, it must certainly be a steel swivel to maintain spring tension even though it looks to be gold colored or brass. If it were original to the round leather cord and keepers it would have some patina, it has none.

The WW1 Military issue lanyards were of a fairly standard configuration. They used both the wire hook swivel similar to this one, and the leather tab with brass button post closure . It's possible the original weaving at the swivel end broke and this is an attempt by a novice to replicate it. One of the originals I have is steel . There are many types made to order by various commercial and military Luger users, all somewhat different. This may have been intended for the P-38. The P-38 has a much smaller lanyard ring than the Luger. If this were attached to a Luger lanyard loop, the steel swivel would likely mar the finish of the pistol.
Jerry Burney