There is so little meat in the waist of that, I would first try by parting it off to length + 2mm or so, turning down the shank, then use a fine centre drill and fine point rotating centre in the tailstock to support it (or even a well lubricated half dead centre), do as much work as possible between centres, and face off the last 2mm or so and lose the centre drill hole towards the end.
If the flange above the stem is the same diameter as the widest point near the top, and collets are available, for the last operations on the tip after it is taken out of the centres I would slide the finial back in the collet so the main part of the body is supported.
It will be tight to do between centres, but the whole job will be fiddly regardless of how it is approached. I fear done without centres it will just snap at the waist if any lateral cutting pressure is put on.
Edited By David Standing 1 on 07/12/2017 17:33:17