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!
I love this ring! It's beautiful, fits well, and the inner rings really do spin. It's a nice focal point for meditating too. I had priced rings at a local jewelry, just plain bands, and they were more than twice the cost. This ring has character ... it is a great value.