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 purchased this ring and the matching earrings and am very happy with them. They match nearly everything in my wardrobe and can be worn both during the day or for an evening out.