This is a 2 piece Cherished Teddies figurine set. It was produced in a limited edition of 19,950. This particular one is uniquely numbered 4,861 of 19,950.

The first piece of this set depicts a bear with a smaller bear sitting on a blue rug. The second piece again depicts a bear with a smaller bear, but this time sitting on a chair. This set comes in the original packaging, which includes a certificate of adoption.