Jewelry Hallmark Help

[dw171]

I'm trying to figure out the maker on this bracelet. It looks like it ends with "agbe" or "agte". I just can't figure out the first 2-3 letters. Does anyone recognize it or have any suggestions on what you think the first letters are? I've tried "sh" for the first 2 and that didn't match anything. Thanks

 

[Detecto]

First letter looks like "S".

No expert in jewelry, but it looks like Spanish design to me.