An old lute to make the globe ring (7)
I believe the answer is:
theorbo
'an old lute' is the definition.
(I've seen this before)
'the globe ring' is the wordplay.
'globe' becomes 'orb' (synonyms).
'ring' becomes 'O' (letter resembling a ring).
'the'+'orb'+'o'='THEORBO'
'to make' is the link.
(Other definitions for theorbo that I've seen before include "Large lute" , "old instrument" , "C seventeen - eighteen member of lute family" , "Old lute with two necks" , "Antique instrument" .)