looks more flat than hammered...the hammering is subtle. beautiful craftsmanship.
Stone looks faceted, and with more color variety in the photo, it is not. A deep blue cabochon is more like it.
That being said, it is quite pretty and fits perfectly!
The chalcedony is a beautiful shade of blue and the intricate detail on the silver adds a wonderful contrast. I have several earring from Zayd Makarim and cherish them all. I particularly love this pair because the dangle is a perfect length to frame your face.