Platinum vs Gold
When it comes to choosing a metal for your engagement or wedding ring, platinum proves to be a more expensive choice. This is mostly due to the fact that precious metals are priced by weight and platinum is much denser than gold, meaning it will be heavier.
Platinum rings are often more valuable than gold as the metal is much rarer. Every year, approximately 1,500 tonnes of gold is mined, in comparison to just 160 tonnes of platinum. In terms of sheer purity, platinum rings are made of at least 90-95% platinum - this density makes the band much more durable than gold. In comparison, a 14k gold ring band is typically only 58.5% gold. These differences reflect the quantity of the rare metals needed, thus impacting their price points. Whilst many believe that platinum is the best metal for jewellery such as engagement and wedding rings, the truth is, when it comes to appearance, they are virtually identical.
Whilst platinum is more expensive, 14K and 18K white gold are durable enough for everyday wear, meaning platinum isn’t a must-have.
Although platinum is typically stronger and more durable than gold, it is still a softer metal, therefore making it more vulnerable to scratches. The scratches along platinum jewellery can give an antique look, which is a popular aesthetic amongst many customers.
This everyday wear-and-tear isn’t exclusive to platinum rings, where jewellery made with white gold will slowly revert to its original yellow colour. However, this shouldn’t deter you from using these metals as most jewellers offer a free annual clean, restoring rings made of any metal to their original, natural beauty.
One of the main benefits that platinum holds over white gold is the absence of nickel, which some wearers may be allergic to. Some gold rings contain nickel, which can unfortunately irritate the skin around the finger. If your partner does have an allergy, then it may be best to choose a platinum ring to avoid any irritation.
Whether you choose a white gold or platinum ring, they are both precious metals, meaning your ring will look beautiful either way.
How much more expensive is platinum compared to white gold?
While platinum and gold are similar in price by the gram, when it comes to a platinum ring, the density of the metal means that more is required to create it.
Primarily in Russia and South Africa, platinum is thirty times more rare than gold, and not to mention four times as strong, which is one of the reasons it’s a little more expensive.
When looking to buy a wedding or engagement ring, platinum typically costs between two to four times as much as gold.