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This is an 18K yellow gold hand-engraved gents ring with an oval cabochon carnelian gemstone.
The ring is from the U.K., and by tracing the hallmarks, we see that it has a Chester assay office year date of 1905. We could not find information on the maker’s mark of “S.U”.
The carnelian may not be original to the ring, but is very period proper. The stone measures 10 x 8 mm and the ring weighs a little over 6.3 grams.
This is just a great antique ring in excellent shape!