Why are platinum rings more valuable than gold?

When it comes to picking 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, so any platinum jewellery will weigh more.

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, while platinum figures only total around 160 tonnes.

In terms of sheer purity, platinum rings are made of at least 90-95% platinum and this density makes the band much more durable than gold. In comparison, a 14k gold ring band is typically only 58.5% gold and the price difference reflects the quantity of the rare metals needed.

The increased density of platinum rings means that any artificial damage sustained from everyday wear and tear is often harder to notice, making these rings easier to maintain as they exhibit very little material loss. This contrasts with white gold jewellery, as any damage is much more noticeable and the coating will need to be re-dipped every few years.

While the unique colour of platinum may fade over time, many enjoy the effect it has on the diamond, providing a contrast which makes it sparkle even more. However, those who want to keep the rare metal shining can get it cleaned professionally, typically as part of a free annual service.

Platinum rings may be a more expensive option, but this doesn’t mean they’re always the best choice. Whether it’s an engagement ring or a wedding ring, the value extends to more than just the cost. What truly makes the jewellery special is the sentiment behind them.

A comparison of a platinum engagement ring and gold engagement ring

A side-by-side comparison of a platinum and gold engagement ring

While platinum and gold are similar in price per gram, the density of the metal means that more is required when it comes to creating a platinum ring. For this reason, platinum jewellery tends to be more valuable than gold.

The difference in value doesn’t necessarily mean that platinum is more luxurious, it just means that it’s a denser, rarer material. The type of metal you choose to adorn with a diamond shouldn’t be decided by the price, it should depend on your taste and the preferences of the person it’s meant for.

Platinum jewellery tends to be more expensive due to the amount of metal used, its rarity and the strength. If you want to learn more about the type of precious metals we use to craft our luxury wedding bands, then you can contact us today.

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