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Thank you!
I thought it is not good,because of this not very upset.
Just thought may be it made some soldier as a present for his girlfriend at that time.

I think it's engraving,and they used some black varnish to make a contrast. The varnish fills engraved parts.

Ok,more photos.
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Hello everybody!
I need your opinion about this ring.It is handmade,do not looks like it has been casted,but I do not know,can it be from 1938 or some later fantasy fake?
Around the ring are the...