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Re-setting Stones in Vintage Jewelry: Cost & Feasibility


Question

Wonderful Edwardian 18
I like Edwardian/Nouveau solitaire ring settings, but it is
very expensive to get one with a good quality/decent sized
stone.  Is it likely to be cost-effective to have a jeweler
set a larger, modern stone in an old setting?  Illusion
settings, for example, often have a lot of metal around the
stone and I am wondering if it is feasible to have that area
carved out and new prongs (or whatever modern underpinnings
would work best) set?  

I have not selected a ring yet but have attached a photo of
one I am very interested in (aside from the 0.05 carat
stone!) and would appreciate any specific ideas you have for
refurbishing it.

I have considered just going with a modern reproduction
setting but there aren't as many choices, and new jewelry is
always a lot more expensive (even if you're building it
yourself out of parts).

I am in Canada.

Thank you!
Elle

Answer
Dear Elle, thanks for the wonderful photo.

That photo and the detail shown gave me an instant answer to your question:  YES, providing the structure of the setting holding the illusion plate is sound.

Note how the illusion plate is set. It is set into the very place a stone would be placed. When made, this ring could be set with a much larger gemstone or notches cut in the prongs and the illusion plate installed.  I am actually surprised to the ring set in this manner.
The ring is very lovely and from the photo supplied is certainly able to have a much larger stone set into the prongs. This means taking off the plate and measuring for a diamond.  While the plate is off, a better inspection may be made of the condition of the 8 prongs.  Then, the new stone may be set and you are happily on you way.

Ok, so how is that answer! This one makes me happy.
God Bless and peace.  Thomas.