You were all so helpful I wanted to show you the final result. I got the setting on a popular auction site. It's a 1.16 (marked inside) carat diamond mount in 14k. The sapphire is 1.24 carats. There were opinions (good ones) that the stone rose up a little high in the setting but so far it's wearing really well. No snagging or knocking by mistake. Just wanted to share and say thank you!