ER collets have a wide clamping range and high accuracy. While they are designed for tool holding, they work great for work holding in small lathes. With a full set of ER collets you can hold any diameter that is in the clamping range of the set. There are several types of collets that look like ER collets.

A collet chuck is an alternate work holding device that also uses mechanical forces to hold a workpiece. While a collet chuck does not work with the same wide range of workpiece sizes that a jaw chuck can accommodate, it offers advantages in speed, accuracy, and productivity that may be crucial for certain jobs.

ER32 Collet Set, For Industrial, Box at Rs 7800/piece in Noida | ID: 16656570488.

As you tighten the nut on your holder, the ER collet collapses together to hold round tools or stock from 0.5-2 mm (or 0.0197-0.0787 in., depending on collet size) smaller than the collet internal diameter. While the initial ER system is based in metric, there are ER collets available with imperial sizing as well.