Yes, you are correct. Now I know where to look, I see that on each section of the bracelet, one of the 4 eyelets has a small flat area. They all contain part of a tiny Kokoshnik hallmark. Most of them are very unclear, so previously I thought these were just small variations in the metal. Only part of the design is stamped - sometimes just the lady's hair braids. I made a photo of the clearest mark.
BOB
