The Collaborative International Dictionary of English v.0.48:

Figurine \Fi`gu`rine"\ (? or ?), n. [F., dim. of figure.]
   A very small figure, whether human or of an animal;
   especially, one in terra cotta or the like; -- distinguished
   from statuette, which is applied to small figures in
   bronze, marble, etc.
   [1913 Webster]

WordNet (r) 3.0 (2006):

figurine
    n 1: a small carved or molded figure [syn: figurine,
         statuette]