ame- you are not mistake.
The term "Peg Head" refers to a style of setting.
The head is the part that holds the diamond.
A peg head has.. yes, it has a peg on the bottom
The shank is the part that wraps around your finger- some shanks have a hole to accept a Peg Head.
For example, if you have a standard wedding band, ad wanted to put a diamond on it- you''d drill a hole and use a Peg Head.
The weak point iof this arrangemt is that by their very nature, peg heads look....pegged on.
Also they are much taller than a basket type of setting whick may be integrated into the setting as opposed to siumply stuck on top.
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