While the nail polish is drying - Cut 12-14 inches of wire. 12 inches for size 7 and under, 14 inches for size 8 and over. Make a spiral at one end of the wire so that it will fit on the back of the cabochon and serve as the ring base.
The spiral should be "loose" so that glue can flow through the spaces on the finished piece. When it is almost large enough, bring the wire straight out from the spiral and make a 90 degree angle, continue to bring the longer end around to the other side of the spiral and repeat the 90 degree angle.