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by Answer Rabbit on April 6th, 2006

Answer Rabbit

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Why are platinum jewelry settings more expensive than gold or silver settings?

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Answers. 7 helpful answers below.

  • by LoveWeddingBands on December 5th, 2010

    LoveWeddingBands

    Platinum is a white metal, but unlike gold it is used in jewelry in almost its pure form (approximately 95% pure). Platinum is extremely long wearing and is very white, so it does not need to be rhodium plated like white gold does.Platinum is very dense and heavy metal, so a platinum ring will feel heavier than an 18kt gold ring. Platinum wedding rings , however, significantly more expensive than gold. With all other things being the same, a platinum ring will be approximately twice the price of an 18kt white gold ring. Platinum is a prestige choice and is often chosen for its sophisticated appeal and popularity amongst the rich and famous.Platinum is normally not used in the full range of jewelry products due to its higher price.Platinum wedding ring Platinum is mainly used in ladies engagement rings, ladies wedding bands and men's wedding rings.
    Platinum can also be used to make dress rings, though it is not commonly used to make earrings, pendants, bracelets or necklaces.

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  • by keybur on July 30th, 2007

    keybur

    The price of platinum higher.

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  • by QuestionMarx on April 6th, 2006

    QuestionMarx

    Platinum jewelry is more expensive than gold and silver for many reasons. The top two reasons are most likely its rarity and apperance. The prongs of platinum settings are less likely to damage or lose the stone it holds. Platinum is bound to look stunning even after years of use. It is a high quality metal used in a pure form, not as an alloy like silver and white gold. Jewelers find it easy to mold and its weight is prefered to gold and silver. Also: platinum does not tarnish and will last through many polishings. Because gold is easily a superior choice to silver and platinum wins over gold there really is no need for its mention in this race. In any case, spend less, get less.

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  • by PhilDoc on April 6th, 2006

    PhilDoc

    Because of the relative rarity of platinum in relation to silver or gold, the price of platinum is consistently higher that that of the others. As of April, 2006 the spot price of platinum was approximately $1100 US per ounce while the price of gold was approximately $600 US per ounce of gold. Because of these prices, the settings are more expensive as well.

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  • by Seraphim Shinobi on July 30th, 2007

    Seraphim Shinobi

    platinum is more rare than gold and silver

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  • by TAPriceCTR s son is wearing his COAT on May 3rd, 2011

    TAPriceCTR s son is wearing his COAT

    because platinum itself is far more expensive and harder to work (harder, higher melting point) what I can not figure out is WHY is platimun more expensive than gold, it is 10 times more common in the earth. sure it has more industrial uses but that should not make up for 10 times the prevalance... should it?

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  • by jonesmith on September 3rd, 2008

    jonesmith

    It’s a given fact that platinum is much more expensive as compared to gold or silver, more so because of it's sophisticated looks & rarity.

    Another important reason is that platinum is a heavy & dense metal compare to gold, so ring designs made in platinum are heavier than 18ct gold rings of same design. Usually based on gram weight the price of metal is calculated; the heaviness or density is thus one of the contributing factor which makes platinum jewelry more expensive.

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