Abstract: A setting (10) is disclosed for removably receiving decorative articles such as gemstones (12) and pictures. The setting includes a lower member (15) and an upper member (13), each having left and right side segments (20, 22, 26, 28) that are hingedly attached by left and right pivot pins (24, 30). The side segments (20, 26) of the lower member (15) define a plane (18) along which the gemstone (12) is free to slide when inserting into and removing from the setting (10). The upper member (13) of the setting can be pivoted from a closed position where stop surfaces (54, 56) intersect the plane (18) and hold the gemstone (12) captive within the setting to an open position where the stop surfaces (54, 56) are well away from the plane (18), thereby permitting the removal of the gemstone (12).