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That's a nice find to be sure ! Nakai is/was Navajo , and the ring was most likely made in New Mexico or Arizona - circa 1970
nice design, are those stones or just glass?
A little information on Grace and Gilo Nakai:
Signed Nakai Concho Buckle, Nine Conchos Inlay with Turquoise & Corral - $600 MARIN.
wow! that "bombing" process sounds cool. maybe in its prime my ring had a bit of value to it!
In reply to questions about the colored chips used in the inlay on this ring and other chip/resin inlay jewelry of this vintage - Typically
the blue chips were comprised of crushed turquoise , the reds ideally would be coral - however it is possible that simulation coral ,
may be used here (plastics , or dyed alternative stone chips ) these chips are mixed with a resinous epoxy and put into the place
allotted for them . This chip inlay was quite popular from the 1950's thru the mid 70's in the south western U.S. and is associated
with Navajo and Zuni Native work primarily.