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That's funky-looking thing. Presumably the Roman numerals are for the date 1886. The other lettering is in Greek as 'ΧΑΡΙΣ', which variously means: beauty, elegance, charm, grace (including as in by the grace of god); favourable disposition towards someone, including from favour, goodwill, delight, or as an indication of gratitude. It’s sometimes seen on highly decorative objects all the way back to ancient times.