jagungal ,

Hospitals will generally have ring cutters like this:

Picture of a pizza-cutter like implement with an arm underneath the serrated cutting wheel.

They are hand powered and very cost effective for gold and silver rings. Diamond tipped cutters usually need something like a Dremel to power them. They look something like this:

Picture of a ring cutter similar to the one above but it has an electric screwdriver like attachment to power the wheel..

They are much more expensive compared to hand powered ones, and pose a higher risk to a patient so they would require additional training to use it, which is another extra cost.

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