Interesting! So perhaps they used the Marwari horse as a model as well. That horse does have a narrower head. That def puts this ring into a diff perspective for me. As I look at the head close up I do see some resemblance of eyes on the sides of the head. Ok so now i have a new appreciation for this ring. Wish it came in a slightly thicker model!
I'm not sure if it's supposed to be an accurate representation of a Marwari, although it is one of H's most beloved scarf designs. Just saying in terms of the horse-jewel genre it's common to decorate horse bridles this way, as well as many horses having a 'star' marking on their brow (as my horse did). I have the fine and the sliver (GM - no diamonds) and they are both lovely in their way.
But the diamond is certainly not supposed to be an eye.
There is a LM version but the price is far more https://en.brandoff-store.com/top/detail/asp/detail.asp?scode=2101216875715 and full diamonds https://www.hautetime.com/haute-jewelry-hermes-galop-collection/38475/