A collet is a holding device that forms a collar around the object to be held and exerts a strong clamping force on the object when it is tightened. It may be used to hold a workpiece or a tool.
Collets generally have a narrow clamping range which means a large number are required to hold a given range of materials, unlike a chuck that will generally cover the full range that the machine is designed for. The collet's advantage over the chuck is that it offers much higher precision when reclamping a single object to work it in a series of steps.
There are literally hundreds of designs of collet used in the metalworking industry. There are some common designs like the 5C or the R8 collet and then there are many proprietary designs that only fit one specific manufacturer's equipment. Collets can range in holding capacity from zero to several inches in diameter. The most common collet grips a round bar or tool but there are collets for square, hexagonal and other shapes. In addition to the outside holding collets that are so common, there are collets that are used for holding a part on its inside surface so that it can be machined on its outside surface. Furthermore, it is not uncommon to make a collet that can hold irregularly shaped parts, these are variously called soft collets or emergency collets.
The two top left collets are the side and end view of one style of collet, the two right collets are from a smaller range.
The lower image is of a dissassembled pin chuck that is used to hold small drills or work pieces. The left most part is the body, the collet is shown protruding from the body and the nose cap is separate, on the right.
In use, the part to be held is
In semiconductor industry, die collet is used for picking a die up from a wafer after die cutting process has finished, and bonding it into a package. Some of them are made with rubber, and use vacuum for picking.