Moreover, simple wear and tear and other issues might also bring a few damages.       If the prongs or the setting of your ring seem a bit damaged, then you will probably have to repair it to fix the issue. However, several customers have a misconception most commissions for diamond ring repair cost too much. The reality is that this cost varies based on a number of factors. For instance, if the diamond or center stone of your ring is damaged, you will need to spend at least a thousand dollars to fix this. On the other hand, if only one or two prongs in the setting of the ring are damaged or loose, you will easily be able to fix the issue without spending a fortune on it. It is best to take your diamond ring back to the jeweler who manufactured it because they will have clear knowledge on how to proceed.