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If you're seeing this as part of the jewelry itself... not just stamped but as part of the actual design of the inside of the ring, it is the manufacturer. A lot of gold (yellow and white) rings that have jewels in them will have hollow or partially hollow undersides to allow "light to shine through" the stones. This is also a way to reduce the amount of material used but still appear solid.

SHR just happens to make a latticework of their initials on the underside (not visible when wearing) of the ring. This gives stability, allows light through, allows access to the stones for cleaning and repair, reduces the weight/volume of gold needed, and also allows them to include their mark on the item.

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Q: What do the initials SHR mean on white gold jewelry?
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