This is possible in GCC since version 4.6, or around June 2010 in the trunk.
Here’s an example:
#pragma GCC diagnostic push
#pragma GCC diagnostic error "-Wuninitialized"
foo(a); /* error is given for this one */
#pragma GCC diagnostic push
#pragma GCC diagnostic ignored "-Wuninitialized"
foo(b); /* no diagnostic for this one */
#pragma GCC diagnostic pop
foo(c); /* error is given for this one */
#pragma GCC diagnostic pop
foo(d); /* depends on command line options */