Quality Standards: How we use lab reports to safeguard your jewelry investment. The primary reason platinum rings are more expensive than palladium rings is because platinum is much more dense than palladium (almost twice as dense)! At about $2,500 (£1,922) an ounce of palladium is more expensive than gold, and the pressures forcing its price up are unlikely to ease anytime soon. When it comes to picking a metal for your engagement or wedding ring, platinum is typically a more expensive choice. Copyright © Platinum is also naturally white, unlike alternatives such as white gold. Anything less should not be considered either pure or hypoallergenic or of substantive quality. Platinum is a naturally white metal, whereas gold is naturally yellow. And when we discuss how much pure gold is in a ring, we do so by talking about karat weights. Given gold’s association with wealth and prosperity, you may well be surprised to learn that platinum jewelry is actually more expensive. So, this is also why platinum rings are heavier than palladium rings (almost twice as heavy)! At the very least, a bet on platinum again becoming more expensive than palladium... and again more expensive than gold, seems likely to pay off eventually. That’s because the rarer a material is, the more expensive it is. Weight. Every year, approximately 1,500 … An 18ct gold wedding band which weighs 6 gms would weigh 8,5 gms in platinum. That isn't the case now though. Unlike the next most popular white metal; white gold. Given the density of the metal, these items will be heavier, and feel more substantial, and that matters to many people. Log in. This means to make the same ring, we need to use more grams of platinum than grams of palladium (almost twice the amount)! Ask your question. White gold generally is. LEARN MORE >> All About Platinum. Jewelry stores who sell high quality platinum offer 950 Grade (95% pure platinum) jewelry. And is it worth the price? Rhodium, which rallied more than 4,000% over a similar period before carmakers found ways to use less, has again spiked toward a record. Gold rings come in a variety of karat weights. In fact platinum could cost you 4 times or more for that lovely precious metal. JavaScript seems to be disabled in your browser. The historical average is that platinum is somewhere around a third more expensive than gold. An 18k ring is 75% pure. Platinum can also be rather tricky to work with. Log in. There are in fact numerous reasons for this difference. 1. A nugget of platinum - Image by Alchemist-hp at Wikipemedia Commons However over tim… If you have a 10 kg ingot of gold, then that would be equivalent to 16 kg of platinum. This is due to a number of factors, including its rarity, higher levels of purity when used in jewelry, and the complex level of expertise and tools required when crafting jewelry from platinum. Usually at about 95%. Platinum weighs 60% more compared to 14k gold. Find out where you can watch all the great shows on Gem Shopping Network! Wishing you a brilliant day! The main reasons for this is that platinum is denser than gold. If value is your primary concern than platinum is an excellent choice for you as it will hold value long term. LEARN MORE >> Rare. The main distinguishing physical characteristic between gold and platinum is color. Another reason is because platinum is 60% heavier than 14 Karat gold. More raw materials means more cost. Find an answer to your question why is platinum more expensive than gold 1. This means that a platinum piece of identical specifications as a gold or silver piece will be heavier and as a result, more expensive. Platinum stands the test of time, exactly like your love. Platinum is quite a bit more expensive and may appreciate even more, despite the fact the spot price of gold is currently more expensive than platinum in the commodity market (as of June 2020). Aside from assuming that platinum is a superior metal, have you wondered exactly why platinum gets the higher ticket price in the jewelry industry? As such platinum jewelry costs more than gold not only because it is 60 heavier a 10 gram ring vs. Even while this is so, platinum jewellery is likely to be more expensive that gold jewellery. The first reason behind platinum’s prime price tag has to do with the makeup of the metal, and how much of it is used in jewelry design. Platinum is the most expensive of the precious metals. Aside from assuming that platinum is a superior metal, have you wondered exactly why platinum gets the higher ticket price in the jewelry industry? It is about 60% heavier than 14K gold and 40% heavier than 18K gold. Palladium vs Platinum … That means a gold … In addition, while platinum is common in the luxury sector, gold settings are more common and produced much much more in general, which can keep the gold setting prices relatively low. Platinum is a hypoallergenic virtually pure precious metal. More precious metal translates to a more expensive piece of jewelry. Platinum can take much more day-to-day abuse before needing to be repaired, whereas silver and white gold need more care. Platinum jewelry is more expensive than gold… It’s a well-known fact. Given gold’s association with wealth and prosperity, you may well be surprised to learn that platinum jewelry is actually more expensive. Let’s take a look at the various reasons why platinum has historically been held at a higher value than gold. That means that platinum rings will always have a higher percentage of this precious metal than gold counterparts. And this price tag is one of the reasons why white gold is a popular alternative to platinum jewelry. Platinum and gold are both precious metals. Vintage & Antique Jewelry Periods: An Overview, Hallmark Vocabulary – The Five S’s of Hallmarks. Although both gold and platinum are rare earth metals, platinum is rarer and thus has a higher value. There are many reasons why platinum has long been highly sought after, from the obvious to the surprising. If you want a yellow ring, then yellow gold is the best option. It always has before whenever platinum got anywhere near as … Why is Platinum Much More Expensive Than Gold? As such, platinum jewelry costs more than gold, not only because it is 60% heavier (a 10 gram ring vs. a 16 gram ring noted in #1 above), but those grams of precious metal are more pure, and therefore, more valuable and costly in platinum compared to gold. A reported 190 metric tons of platinum are mined annually. A key component in pollution-control devices for … Due to its rare nature, platinum is historically more expensive than gold, but there are times when the opposite is true. Platinum is pure: Platinum is 95-99% pure (the remaining 5 percentage is usually other platinum groups as well). Join now. Palladium … Only rhodium is more expensive than platinum. Platinum jewellery is made up of 95% pure metal, while gold is usually 75% pure metal. This makes it the ideal choice for those of us who are clumsy, or work a great deal with their hands. That translates directly into a higher cost. Whether you’re walking down memory lane, the red carpet or the aisle, platinum is the premier precious metal for jewelry of any occasion. Platinum jewelry is more expensive than gold… It’s a well-known fact. Also, platinum is more dense than gold, so the same ring will weigh significantly more in platinum than in gold (and precious metals are priced by weight). This means its colour will not fade, or lose its lustre over time (which is not the case with white gold). However, if you want a white ring, you can opt for platinum or white gold. Platinum is also hypoallergenic, and may not cause irritation to … A 14k ring is 58.3% pure. The answers I’ve seen on this page don’t really reflect the reality in my opinion. And a professional annual cleaning will ensure a platinum piece gleams as bright as ever. For example, to create a jewelry piece in 14k gold the designer needs 57.5% gold precious metal and 42.5% alloy; to create a jewelry piece in platinum you would need 100% in platinum precious metal. Why buy platinum vs. white gold or sterling silver? So now that you know what’s behind platinum’s hefty price tag, will you decide on this rare metal for your next piece of jewelry? The bullion price of platinum is currently lower than that of gold. But it is worth the price tag? Platinum is almost twice the density of gold. For jewelry platinum is usually 950 Fineness, meaning that it is 95% pure platinum along with some other metals being used as alloys. 14K gold is about 58% pure gold, whereas platinum is about 90% platinum. Why Platinum Jewelry is Expensive? Platinum is far less plentiful than other precious metals, such as gold. In addition, platinum is the most durable metal used in the jewelry industry. Call us on +2711 523 6600 to speak with us, book an appointment or email customercare@jennaclifford.com. For the best experience on our site, be sure to turn on Javascript in your browser. To explain this in one other way: 10 grams of 14k gold is going to still be … The main reason for this is that precious metals are priced by weight and platinum is much denser than gold, so any platinum jewellery will weigh more. Because of its hardness, platinum can be used in a purer form than gold. The main reason platinum is more expensive is that, even at the same cost, it takes more platinum to make a platinum ring than it takes to make a similar size ring in gold. A 24k item would be 100% pure. So given how rare platinum is, and how much of the metal is required for jewelry, it’s no wonder it comes at a hefty sum. 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