Me thinks it is a medievel or slightly post medievel " Posy Gold Ring " , if you search google you will find similar. Your do not have engraving so may be worn out or to old. Here is a link to one and Mr Potter of all names is the finder.
https://www.dailymail.co.uk/news/article-9760071/Treasure-hunter-digs-17th-century-gold-posy-ring-engraved-two-hearts.html