Oh, looking at the crack one has to have a sealant that is very viscous to penetrate the crack and set hard, Prately's two component glue is very viscous for the first two minutes and will seal and set this, after that a further coating of Prately's to cover the crack will help. This two component glue will bond well to the base, just roughen it up with a 600 grit paper to give it a surface to adhere too. The hardened effect of the glue will be a good start, after that I would coat the ring with chop strand for added strength and make it at least 2-3 mm thick. One problem is fibre glass is heavy and adds weight.
One can also use Kevlar cloth in that area only it if light and tougher. food for thought. Plastic dipping compond is soft and tears off, I have tried this on many tools. I do not recommend it.