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The two gold colored words look like O-loost-O and the same (shown twice). Either your picture is out of focus or the names are smeared; can't tell which. Might even be upside down. In checking I did find a similar surname of O.Loost in the Archipelago Andaman, in the Indian Ocean which is owned by India, so maybe that is where it's from. Can't find the names elsewhere. It looks modern to me.
I agree, LB. I have seen that overstrike on reproduction ware also.