I agree with you on the pits - that is what jumped out at me. I did also notice the transition that JT pointed out, try retaking the photo at a different angle and on a Flat surface. You may also be getting some shadowing from the curvature of the cloth right under that cap area that is making it look cut in. (just my thought.)
I do like the wood used it is very pretty and looks good with the kit choice. Clearly the finish has a good shine too it, so the little pits are likely your only issue there.
On another note - its nice to have someone asking for actual help learning and not wanting to just hear that its a NJGP :wink:.
For me that was the only thing that ever helped me advance so I appreciate your pointing out the things that you think you can do better!
Nice Work
