With cutouts of two men and a deer with antlers, this design has a meaning of which I am not familiar. The design and execution are beautifully done. The thick circle added to the center is finished on the ends so there are no missing pieces. It appears to be a free form Modernist Mexican style with a safety clasp at the back.
It is signed TH-37 (for Taxco) MEXICO 925 (925 for sterling silver). It measures a bit over 2 1/4" wide and shy of 1 1/2" high. It is in excellent condition.
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