The quantum deformation created by the stereographic mapping from S-2
to C is studied. It is shown that the resulting algebra is locally iso
morphic to su(2) and is an unconventional deformation of which the und
eformed limit is a contraction onto the harmonic oscillator algebra. T
he deformation parameter is given naturally by the central invariant o
f the embedding su(2). The deformed algebra is identified as a member
of a larger class of quartic q oscillators. We next study the deformat
ions in the corresponding Jordan-Schwinger representation of two indep
endent deformed oscillators and solve for the deforming transformation
. The invertibility of this transformation guarantees an implicit copr
oduct law which is also discussed. Finally we discuss the analogy betw
een Poincare's geometric interpretation of the quantum Stokes paramete
rs of polarization and the stereographic projection as an important ph
ysical application of the latter.