The 375 very well might be an indication of 9 karat gold which has 41.7% gold content.
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375 is 9ct gold easy to sell to anybody
375 is 9k gold.
375 is 9ct gold.
A 375 marking is a gold marking; it indicates 9K gold. You can find this by multiplying .375 by 24 (since there are 24 karats in pure gold). Visit the link below for more details about gold markings.
I have a 9ct gold ring (with pink sapphires) which has this marking on it, it is made by Angus & Coote jewellers. **375 stamp means 9ct gold - 37.5% pure gold, or 375 parts per 1000. This can be stamped on white gold or yellow gold. 585 is 14ct gold, 750 is 18ct, and 1000 is 24ct or PURE GOLD. Guessing AC16 is Angus & Cootes stamp.