Re: You ain't gonna believe dis Walker I got!
That is what we call a preset. Its a way to add diamonds for glitz on to anything you can drill a hole in.
You drill a hole, and stuff it in, pressure holds it there, I have seen them put in everything from coins to toilet flush handles to faucets to gear shifters to pool sticks. Anything you can think of to drill a hole in. Horribly tacky.
The diamond is tiny, and would be real. Its value however, next to nothing. The setting used in the sun could be 10k or 14k WHITE gold. not a lot, but worth more than 50 cents. otherwise it could also be a base metal/gold filled, All types exist.