I have a suggestion, If you are not use to setting emeralds in the first place, one this size is not the ideal "practicing" stone. Leave it to someone with more experience and you'll save a ton of $$$$$. I've been setting stones for 25 yrs. and have never used anything like you are describing.
This is a difficult topic to advice because consequences could be
grave, and probability of good outcome is not high. Setting of large
stones is always risky, regardless whether you have 6 month or 60
years experience.
That said, let me offer few suggestions that may improve the odds a
bit.
It is premature to talk of how to hold the stone, before you know
what are you dealing with. The first step is to appraise the stone.
You must know your financial exposure, so you know how to establish
price for the service. Appraiser should also provide you with
gemological description of the stone. You would be especially
interested in large defects and where they are. If your client does
not want to pay for appraisal, give the stone back and find something
else to do.
Assuming appraisal is done and stone does not have any surprises,
you can start making plans of how to do it. Rigidly holding stone of
that size is a mistake. Holding stone simply with your left hand is
the safest way to do it. If you make a mistake and tool would slip,
the impact would not as severe. Left hand also provides feedback to
how much force you actually using. ( of course things are reversed
for
left-handed )
Paint the stone all over with nail polish before you begin. It is a
small measure of safety in case you drop the stone, and it tames
reflections. Also, line up your tray with something soft.
The bezel should be made out of 22 kt gold and must be of thin gage.
Stone must fit perfectly and setting must be polished to mirror
finish on the inside. This is important step. Stone should not fit
before the polishing, only after. The danger is when you try to fit
to soon and stone gets stuck. That is where experience pays off.
When you turn the bezel, watch closely the nail polish film. It is
your indicator when metal comes into contact with the stone.
Above all, take your time.
Leonid Surpin