Jewelry setting is a term used to describe the way in which a gemstone or other precious material is held in place on a piece of jewelry. Two common settings are collet and PAVE. A collet setting is a type of metal rim that holds the stone in place, while a PAVE setting is a type of setting where small stones are set closely together to form a pattern. A MOUNT setting is a type of setting where the stone is held in place by prongs or claws.