Because platinum rings are heavier, rarer, and more pure than gold, they are more valuable. Even though pure gold may be more expensive per ounce, because platinum is denser, more of it is used when making a ring.
In general, engagement rings are bigger and flashier than their wedding ring counterpart. They typically feature a larger center stone (often, a diamond), and are characterized, for many, by their bling factor. Thus, the engagement ring is generally the more expensive of the two rings.
Platinum is almost always more valuable than gold. It's a rarer metal, and platinum rings have higher densities and purities than gold rings. You also need more platinum to make a ring, so they often cost 40-50% more than gold. Platinum also has a sense of prestige.
The gold quality is determined by the amount of pure gold in the piece. While white gold may seem like a cheaper option for the same look, it is actually a less strong metal than platinum. Platinum will scratch easier as it is a movable metal, but Platinum is stronger against breakage.
Platinum is a white metal and the most expensive and prestigious option for a ring.
The higher the carat weight it has, the bigger the amount it displays on the price tag. The price can also increase depending on the size and quality of the main stone. The engagement ring can become even more expensive if it's made with more expensive metal, such as palladium or platinum.
For starters, gold is far more abundant in the earth's crust, making platinum rarer. Whilst 1,500 tons of gold are mined annually, only 160 tons of platinum are extracted.
When it comes to choosing a metal for your engagement or wedding ring, platinum is typically a more expensive choice. The main reason for this is that precious metals are priced by weight, and platinum is much denser than gold, meaning it will be heavier.
Some investors may want to prioritize stability and long-term investing. In that case, gold is likely the better option. The precious metal has a longstanding history of reliable demand which often spikes during economic downturns. On the other hand, platinum usually performs better during times of economic growth.
Rhodium is the most valuable metal and exists within the platinum group of metals. It is used in jewelry for a final finish on white gold jewelry. It occurs in the very same ore in which gold and silver exist – only, in smaller quantities.
Platinum is a naturally occurring white metal. It is rarer than gold, and much heavier and harder. Because of its hardness, platinum can be used in a purer form than gold. Usually at about 95%.
The highest clarity rating for diamonds is Flawless (F). Flawless diamonds have no inclusions or blemishes visible under 10X magnification when examined by a qualified diamond grader.
General Rule: You should spend at least 2 months salary on the engagement ring. If, for example, you are making $60,000 per year, you should spend $10,000 on the engagement ring.
Platinum Tends to Have a Poor Resale Value
According to The Economic Times, platinum, in general, has a poor resale value. The main reason is because a relatively small number of people are willing to buy it.
Diamonds are expensive. Diamonds cost more than gold or platinum.
Can you wear platinum in the shower? A similar scenario to gold, you should refrain from wearing your platinum jewelry in the shower as it will reduce its shine and luster. Water itself will not harm the platinum, but it well affect the overall look of it down the road.
To be considered platinum, a piece must contain 95% or more of the metal, making it one of the purest precious metals you can buy. Over time, platinum will fade in a different way. It won't turn yellow, like yellow gold; but, it will begin to lose its shiny finish and build a natural patina (more on this in a bit).
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.
Platinum is 30 times more rare than gold. If all the platinum ever mined were melted and poured into an Olympic-sized pool, the platinum would barely reach your ankles. Gold, however, would fill three pools.
does platinum tarnish? No. Platinum will not change color or fade over time, unlike some other metals. It's naturally white and remains that way.
Pure platinum is a lustrous, ductile, and malleable, silver-white metal. Platinum is more ductile than gold, silver or copper, thus being the most ductile of pure metals, but it is less malleable than gold. Its physical characteristics and chemical stability make it useful for industrial applications.