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That is to designate that the ring is comprised of 14 karat gold. The maximum possible is 24 karats, but 24 karat gold, or anything close to that is too soft to be of any practical use in a ring -- so the gold is mixed with other metals (improving the strength of the gold while reducing the karat number).

THE ABOVE ANSWER IS INCORRECT. The question was for 14KS:

14ks means 14k gold plate OVER Silver.

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Q: Marking inside a white gold band has 14ks What does it mean?
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