The monogram in the centre reads: Nazaret.
Two further examples of similar monograms are published in the catalogue of the Armenian Museum exhibition mentioned above, including one cruder blue and white bowl which shares with this example the radiating panels of chrysanthemums. The best known Armenian monograms on pottery of this form are those of Abraham Vardapet who was a great benefactor of Jerusalem in the early 18th century and ended his life as Catholicos of Ecthmiadzin. His monogram is inscribed on some of the most original and important Kutahya pieces of the eighteenth century (Carswell, John and Dowsett, C.J.F.: Kutahya Tiles and Pottery from the Armenian Cathedral of St. James, Jerusalem, Oxford, 1972, Vol.I, pp.13-15). The dish was probably comissioned for one of the Armenian residents in the Julfa area of Isfahan. See also lot 405.