This stone piece is known as the "Raha" (or grinder), an ancient traditional grinding machine that was used to grind and crush various types of grains.
Wikipedia
Wikipedia
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Features and Design of the Raha:
Components: It usually consists of two heavy, circular, rough stones placed one above the other.
Middle Hole: There is a hole in the center of the upper stone through which the grains to be ground are introduced.
Side Hole: Your picture shows a small hole on the edge of the stone, which is for inserting the wooden handle used to manually rotate the upper stone.
Working Mechanism: The upper stone rotates around a fixed axis (called the Raha's pole) fixed in the lower stone.
Saudipedia
Saudipedia
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