Not a bad idea, some of the factories that cast parts imbed a bolt or other piece of hardware that is used for handling the wax as it is being invested, then use an induction heater to warm the bolt just enough that it melts through the wax and falls out.
My problem would be getting all the metal filings out of the mold. Some would probably cling to the very inside even when all the wax vaporized and might do something unusual to the surface of the jewelry. I might try it once to see, though. No telling, it might look really attractive.