Due to the rarity of the metal, a platinum ring usually costs more than gold or any other metal of the same volume. A typical 4mm 95% pure platinum ring would cost you around $800, with wedding rings usually starting at about $2,000 (depending on the gem quality).
Is a platinum ring expensive?
Price. Platinum: Despite being nearly identical in appearance, platinum is more valuable than gold. Platinum's high price point can be attributed to its rarity and density as precious metals are often priced by their weight.
How much does a platinum wedding band cost?
The price range of platinum wedding bands and rings depends on the width, ring size, metals and gemstones or diamonds used. It's simple the more platinum used the cost goes higher. But on an average the starting range is $600 - $6000 or more.
Is a platinum ring more expensive than gold?
When it comes to choosing a metal for your engagement or wedding ring, platinum is typically a more expensive choice. Another reason why platinum rings are more valuable than gold is because the metal is much rarer. Every year, approximately 1,500 tonnes of gold is mined, in comparison to just 160 tonnes of platinum.
Do platinum rings hold their value?
Approximately 88 tons of platinum are used to make jewelry every year compared to 2,700 tons of gold. Because of its rarity, platinum is valuable and will hold its value as the years pass.
Is platinum worth owning?
Platinum offers a unique investment opportunity, with strong merits to consider: Platinum's precious underpin offers a low-risk entry for investors looking to buy into this investment asset. Platinum has a low correlation to the performance of traditional assets and performs well during periods of economic recovery.
Can I sell platinum jewellery?
Just as you might sell gold or silver, you can sell platinum in a number of ways. The most common of these is to bring your silver to a pawn shop, a metals exchange, consignment shop, a local jeweler, or by using an online website.