The largest diamond ever found fits into the palm of a grown man's hands. That is not large enough to fabricate a sword of any substance.
A sword useful as a weapon would be more useful made from metal. A sword made from diamonds could only be symbolic, because it would be so tiny.
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Well no not really. The cost of a diamond is usually independent of the cost of a diamond ring setting. The only relationship I can think of between these two values is when a diamond is fancy cut, has an unusual shape or is very large in size. In that case, a run of the mill ring setting may not do, and you may need to have your ring setting custom made in order to accommodate an unusual diamond.
The cost of this expertise depends on the raw stone you present, or the instructions you give to a diamond cutter to re-shape the existing cut of a gemstone.
Facets are not part of how a diamond is priced. A diamond is priced by its carat weight, its clarity, its cut and its colour.
A round diamond of this measurement weighs about .03 carats. Your local jeweler may have one for sale. The smallest weight diamond you can purchase today on Blue Nile weighs .23 carats and will cost US$272.
Diamond cluster rings cost as much as you are willing to spend. Some of my searches pulled up rings for as low as $160.00 and then some of the higher prices were close to $2000.00