This is a rather unusual jacket designed by Harry Shacter- the long time designer at Ben Zuckerman.

Mr Shacter joined Ben Zuckerman in 1950 when it first opened and remained there until it closed in 1968, so this jacket would pre-date 1950. 

You can see some Zuckerman touches in this jacket- the substantial buttons and fine tailoring including bound buttonholes. It would have been a fairly expensive jacket new, as evidenced by the retailer, Berdorf Goodman. It was also probably part of a suit, with a matching skirt.

Photos courtesy of That70'sShoppe.