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A pave set is when small gemstones are set in groups, usually surrounding a larger stone. The pave setting is a small depression, and the gems are held in place with a ball of metal.
Pave set means many small diamonds set close together in white or yellow gold. This gives the illusion of a beautiful ribbon of diamonds. It is often less expensive to have many small diamonds than one large one.
Pave set in jewelery generally means that the ring itself is put into a setting and the setting is the then covered in tine or smaller gems to hide the setting.