The current diverter rings and bearing isolators serve to dissipate an electrical charge from a rotating piece of equipment to ground, such as from a motor shaft to a motor housing. One embodiment of the current diverter ring includes an inner body and an outer body configured to clamp at least one conductive segment between them. In the preferred embodiments of the current diverter ring, the conductive segments are positioned in radial channels. The outer body may be affixed to a shaft, a motor housing, a bearing isolator, or other structure. The bearing isolator may incorporate a retention chamber for holding conductive segments within the stator of the bearing isolator, or the bearing isolator may be fashioned with a receptor groove into which a current diverter ring may be mounted.