platinum vs gold engagement ring price?
Q.Will a platinum setting increase the price of an engagement ring drastically(vs a gold setting), or is the diamond the main factor in the price, making the setting insignificant? Just wondering, my girlfriend doesn't wear gold, so I'm wondering if that's really gonna drive things up.
A.What about white gold? Unfortunately, platinum usually will drive the price up. It's much harder to work with than gold alloys and I've found that you can't just pop into the mall stores and find it or find someone who works on it (I've got a plat./diamond wedding band that needed some work). You should be able to find settings that come in both platinum and gold and compare, but ask about white gold also. I was looking at wedding bands ofr my fiance and a plain gold band was around $100 while a plain platinum band was around $700. Platinum will add to the price, but it really depends on what you're spending. Put a $300 diamond in a platinum band and you have a band that is worth more than the diamond (weird) -- BUT, if you're looking at a $5,000 diamond, chances are the pricce of the band won't hurt much at all. I know that Platinum IS more valuable, but when my fiancee' picked out my ring, he asked about Platinum vs. White Gold. I don't wear any yellow gold. The jeweler told him that Platinum was more valuable, but would loose it's luster over time. Notice on some old platinum jewelry (grandma's or mom's old engagement rings) it's very dull. This, he told us, is inevitable. My fiancee decided on the white gold, since it would keep it's shine over time. I guess it all depends on what you want. Value, go with Platinum. Shine, white gold. When my husband bought my diamond, a gold setting was included in its price of $4100. A platinum setting cost $300 extra, but as I am somewhat rough on jewelry he felt it was worth it. remember that platinum is one of the earth's most precious metals. It's even more precious than gold (duh). So, yes, it will increase the value of the ring. I decided from the get-go that my engagement ring was going to be set in platinum. My ring only cost $200 more than what it would have in gold. 14K gold is only 58% pure while 18K is only 75% pure. Platinum is 90-95% pure. Platinum will NOT tarnish, wear down or lose it's luster. It is heavier and stronger than gold so your stone is more secure and protected. Platinum is also hypoallergenic. I just bought a ring, and am a bit compulsive, so I may have some answers for you. Whether or not platinum will dramatically increase the cost of the ring depends on what kind of diamond you're looking at. For a classic, simple setting, you can expect in urban areas to pay about $150 for a very good gold ring, and about $380-$500 for a platinum ring. So, if you're looking at a $10,000 diamond, the answer is no, but if you're looking at a $500 diamond, platinum will double your total price. For what it's worth, someone who responded to your message suggested that platinum will not lose its luster. I think perhaps that that's not right -- platinum dulls a bit over time. IMO, the biggest factor in deciding whether to buy platinum or gold (other than alergies, which seem to limit your options) is the color of the diamond. Generally speaking, diamonds increase in value depending on how close to colorless they are. A colorless diamond, however, will pick up the reflection from a gold band and appear slightly yellow in certain lights. Accordingly, it doesn't make much sense to pay a bunch of money for a colorless (D-F) diamond and not also splurge on the platinum ring.
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