Platinum has numerous advantages over other precious metals. Among other things, it is the most durable. Hence, platinum jewelry is becoming increasingly popular nowadays.
Slowly and steadily, platinum rigs are stealing popularity from their gold relatives. Nowadays, numerous couples want platinum wedding bands to symbolize the strength of their relationship. However, people are not as familiar with platinum as with other metals, so they often have a gazillion questions to ask when buying platinum rings.
Of course, the most frequently asked question is: How much is a platinum ring worth?
So, let’s answer it right away!
How Much Is a Platinum Ring Worth?
A platinum ring is typically worth more than a gold ring with the same characteristics, since platinum is rarer and denser than gold. You would generally need somewhere around $700 to $800 to buy a 4 mm 95% pure platinum ring.
At the moment, platinum is not valued higher than gold, even though it is a rarer precious metal. The small difference in price is a result of the high market demand for gold.
That might change in the future, though, as platinum is gaining popularity rather fast. Thanks to many celebrities, it is trending, and the demand for platinum grows by the day. If the trend continues, platinum can soon become way more expensive than gold.
Let’s get back to now!
Even though the difference in per gram price between pure gold and pure platinum is currently not that significant, platinum rings cost way more than gold rings. How come?
Platinum is much denser, and jewelers require more of it to make a ring. For this reason, platinum rings end up being considerably more expensive than gold ones.
Besides, the value of any precious metal is based on its purity. Platinum and gold are no exception to this rule. Hence, the price of both gold and platinum rings has to do with their purity, too.
Unlike gold rings which are available in all purity levels, platinum rings are almost exclusively made from 95% pure platinum. It is one more reason why platinum rings are worth more than those made from gold. You can learn more about that in the next section!
How to Determine the Price of a Platinum Ring?
When determining the price of a platinum ring, the jeweler first examines its purity. It is the most crucial factor in assessing the value of any piece of jewelry made from this precious metal.
Unlike pure gold, platinum is very firm in its pure form. It is not as malleable as gold, which means it doesn’t have to be mixed with a considerable amount of alloy. Therefore, the content of alloy metals such as copper and palladium is minimal.
As a result, you can find gold rings in a number of purity levels ranging from 375 (37.5% pure gold or 9K) to 999 (99.9% pure gold or 24K), while platinum rings and wedding bands have a purity that ranges only from 850 to 999 (85% to 99% pure platinum).
The purer the gold is, the softer and more malleable it is, too. That is why gold rings and wedding bands are usually made from 14K or 18K gold – they provide the best combination of strength and look.
When it comes to platinum, there is no need to add anything to enhance its strength. Platinum is already the hardest and most dense precious metal and can be used for jewelry in its pure form.
The higher the purity of your ring, the higher its value is, too. So, let’s teach you how to discover the purity level of platinum jewelry.
How to Discover the Purity Level of a Platinum Ring You Plan To Buy?
You can usually find all the info you need in the form of a hallmark inside the ring. If the marking is 900, your ring is made from 90% platinum and 10% alloy metals.
Some rings have 85% platinum (850). Platinum rings with the highest platinum content of 95% (950) are often marked with PLA, PLAT, or PLATINUM.
Logically, the higher the percentage of pure platinum, the higher the price you need to pay.
However, the price difference is well-justified. Higher grade platinum rings are stronger and shine more brightly, too.
Therefore, if you can afford it, choose 95% pure platinum for your wedding bands. Such rings will last you a lifetime (perhaps even longer than your marriage).
Platinum Jewelry: FAQ
How much is a platinum wedding band worth?
The more pure platinum has been used to make a wedding band, the higher its price. The typical price range is from $600 to $6000 or more.
The value of a platinum wedding band depends on numerous factors such as its purity, the gemstone or a diamond used, and the actual ring size.
Can you resize platinum rings?
Yes, platinum rings can be resized just like gold rings.
If you want to downsize, your ring will be cut and some platinum removed.
If you need a bigger ring, some metal will be added. The ring will be polished to perfection, and you won’t be able to tell it has been resized.
How much is a platinum necklace worth?
A platinum necklace is priced based on the purity, weight, and carat weight of any stones it may have.
Does platinum rust or tarnish?
No, platinum does not tarnish nor rust. However, it does take patina with age and might show subtle scratches.
Is platinum hypoallergenic?
Pure platinum is hypoallergenic.
If you buy platinum jewelry mixed with other metals, your skin might get irritated.
Hence, if you suspect you have any allergies, stick to 95% pure platinum jewelry.
Final Words
Platinum rings are usually worth more than gold rings of similar characteristics. However, not everything is about money, especially when buying your wedding bands.
Platinum has a natural whiteness and is the most durable precious metal you can buy. As such, it can symbolize the purity and strength of your love. A platinum ring can last for generations and be passed on to your children, too. You should consider that when choosing your rings.
If you have something to add, feel free to leave a comment. Share the article, too. You might help someone find a perfect platinum wedding band or an engagement ring.
