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.