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!
This item is so beautifully made. Only thing is it's packed very tightly so the 1st one I got the glass cracked and spread when I took it out. They replaced it right away. I love it and use it for the jewelry that I make.