Chinese Ring with Chess Piece

A round game piece with one bold red character and four little pins around its rim.

This bone and sterling silver ring with chess piece is from China, and is contemporary. Chess is generally thought to descend from an Indian game, and a Chinese relative called xiangqi has been played in China for many centuries. A flat disc in warm cream with a fine crackle and a painted red character in the center, bordered by a pale rim. Four small metal pins project from the edges like a compass. The surface is smooth with speckles.

One word, painted in red, and no further explanation.