We are working on option 1 (as @AeonNhiyr described) as our first choice, but as mentioned should that not be the case we have option 2 as a backup.
If there was a situation where the team decided to change the name after not being able to include the pieces of Gear in their relative set, there would be a discussion then about what we can do for players who had previously purchased these items.
But as this is all just discussion, I can’t make any guesses as to what the outcome of option 2 would look like, if that was the case.