Abstract: An interchangeable setting for a jewelry piece for displaying an ornament comprises a holder for supporting the ornament and prongs on the holder for securing the ornament. The holder have a cylindrical extension having projections for insertion into a receiver. The receiver has walls defining a cavity for removably receiving the holder. At least one groove is provided on an inner wall defining the cavity of the receiver for detachable engagement with the projection of the post for detachably securing the holder to the receiver. The upper surface of the groove is angled to insure wobble-free engagement of the holder and the receiver.