Yeah it is, will have to see what's in the area for jewelers! Haven't had much success so far with what I've been working at. A friend suggested I get a plate of steel and have a waterjet guy cut out a sort of Q shape where the tail goes inwards aswell, then hammer that down a mandrel and use either the two prongs as a crappy setting, or cut them down the middle to make four. Seemed like cheating to me, but I suppose it's an option.
Gazz, thanks for the advice! I don't know if I want to use silver or gold, but it is seeming more practical than steel, especially for the setting. Do you think it'd be possible to weld the setting to the ring, or is that too small for most welders to handle?