Sorry, Ed. I didn't stop to think that everyone hasn't been exposed to these things the way I was.
Think of a solitaire diamond, set in a mounting that stands up tall. I think they're often referenced as a Tiffany mounting (not sure). The diamond is set in the mounting that stands above the ring. They cut a seat for the diamond in the mounting, using a burr, then fold over the remaining points of the prongs such that they hold the diamond captive. I'm not up to speed on proper diamond terminology, but the tip of the prong wraps over the top of the girdle of the diamond. The bent over portion is then carefully shaped with a file, and polished. When they wear out, you can lose the diamond. Instead of replacing the entire mounting, jewelers commonly build up the tips of the prongs with solder, then reshape it. The prong then, is the portion of the mounting that holds the diamond. You would expect to see either four or six of them on a ring, all of which share a common base. There are other ways to set diamonds.
Perhaps one of the jewelers that frequent the board can make corrections on what I've said. I've never done the work, just witnessed it from afar.
Harold