清 白玉雕寒月迴文詩環

inscribed to one side with a poem Hanyue ('Winter Moon') by the Jiaqing Emperor in huiwen ('palindrome') style meaning it can be read from both ends, the other side with four evenly spaced characters stating the title and style of the poem, the softly polished stone of an even colour 

The ring is in overall good condition.
"In response to your inquiry, we are pleased to provide you with a general report of the condition of the property described above. Since we are not professional conservators or restorers, we urge you to consult with a restorer or conservator of your choice who will be better able to provide a detailed, professional report. Prospective buyers should inspect each lot to satisfy themselves as to condition and must understand that any statement made by Sotheby's is merely a subjective, qualified opinion. Prospective buyers should also refer to any Important Notices regarding this sale, which are printed in the Sale Catalogue.
NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING A LOT, ALL LOTS ARE OFFERED AND SOLD AS IS" IN ACCORDANCE WITH THE CONDITIONS OF BUSINESS PRINTED IN THE SALE CATALOGUE."

題識：
寒月宵生輝上堂，地鋪涼影散華光。
團團彩鏡懸林遠，皎皎冰輪映桂芳。
欑粟金英明北苑，照階瓊魄淡西牆。
欄憑獨立小庭曲，砌映花移步轉廊。
「寒月」「迴文」字。