Jewellery Question. Anybody know what the two markings in this ring mean?

PL is usually platinum. VII could be almost anything,  from a maker's hallmark to something about the stone. PL, Pt, plat are all designation marks for platinum. PD is palladium.  The metal does NOT look like steel, steel is cold and blue/grey This metal is a very warm white metal and has that platinum appearance. Unfortunately unethical jewellery dealers will restamp cheap metal, although this is more common with gold. It needs to be seen by a real jewelry appraiser. If the band is platinum then the stone could be a precious or semi-precious gemstone. An appraiser can also clear up any confusion about the metal of the ring. 

Greetings Doc, hope this helps...

"Precious jewelry is most often forged from gold, silver or platinum. Pure gold is referred to as 24-karat gold, and precious gold jewelry is stamped with the letter "k" preceded by a number to indicate the amount of gold it contains. Sterling silver jewelry is often stamped with the number .925, meaning that it is 92.5 percent pure silver. If the jewelry is marked "PL," "PLAT" or "PT," the piece is made of platinum."

https://www.leaf.tv/articles/what-does-pt-stand-fo...

"The metal is prob stainless steel"

lol, don't give up your day job doctor!

Here's front view of the ring. Was wondering if marks are stamps of a shop brand or something.  There are no normal hallmarks