NEWTON MA February 5, 2021
If you are planning to buy jewelry in 2021, you should know the jewelry is an investment. The two precious metals that always compete neck to neck are gold vs. platinum. Although platinum is highly spoken of as the best metal compared to gold, price is the greatest determining factor between the two. So, between gold and platinum, which metal is worth investing in 2021?

Gold and platinum are quite different from one another. Various characteristics set them apart, although they look the same from the surface. Before deciding which metal to place your money on this year, you need to know the difference between them.

In gold vs. platinum, platinum is much heavier and malleable. In jewelry making, platinum is among the most expensive metals. Rings made of platinum are more expensive than those made of gold. Another characteristic of platinum that makes it superior to gold is that it is resistant to corrosion, and it doesn’t tarnish. These are some of the reasons why platinum engagement rings are more expensive than gold rings.

The price of jewelry is usually determined by its weight, and since platinum is denser than gold, it is more pricey. The rareness of metal used to design a jewelry piece also determines the price. Platinum rings are expensive because platinum is not easy to find. It is estimated that 1,500 tons of gold are mined every year compared to platinum, which total to just 160 tonnes mined per year. This makes platinum metal quite rare, unlike gold.

Platinum is also the purest metal used to design jewelry rings. According to the master jeweler at Alex and Company Jewelers, the sheer purity of platinum rings is at least 90-95% platinum. This makes a platinum ring denser and more durable than rings made out of gold. The amount of gold found in a 14k gold ring band is only 58.5%. This will affect the price since the rareness of metal used to create a ring determines its price.
Since platinum rings are made from pure platinum, the ring's density is increased. It’s density makes it durable because any artificial damage is hardly noticeable. Platinum rings exhibit very little material loss, and this makes rings made from platinum easier to maintain. Any damage inflicted on a ring made from white gold is highly noticeable, and every few years, the coating will have to be re-dipped.

The unique color of platinum fades with time. However, it provides a contrast on diamond rings, which makes them look more sparkly. Alex and Company provides jewelry repair and restoration services, and anyone who wants to keep a platinum ring shiny can get it cleaned professionally.

Even though platinum rings are more expensive than gold, it doesn't always make them the best choice. Regardless type of ring you want to buy – wedding or engagement – the cost does not always determine its value. The sentiment behind a ring is what makes it truly special.

In gold vs platinum, both metals have the same price per gram. However, in creating a platinum ring, the density of the metal used to create the ring is greater than gold. That’s the reason why a platinum ring is more expensive than a gold ring.

A platinum ring may seem expensive due to its rareness and density, but that doesn’t mean that it’s more luxurious. The price should not determine the type of precious metal you decide to adorn with a diamond. The worth of a jewelry piece boils down to a person’s taste and preference.

A common misconception that many people have about platinum and white gold is that they will both give the same performance. The reason being that both of these precious metals have the same appearance when purchased. White gold may seem attractive once you buy it. However, before you go for it, understand it’s downside first. White gold is an alloy and not pure gold.

One of the aspects that makes platinum superior and expensive to gold is its longevity. A platinum ring will keep the precious stone intact for a long time compared to gold. On the other hand, prongs on a gold ring wear out much faster, leaving the precious stone loose. This leads to a high cost of maintenance because the prongs will have to be replaced after some time. In most cases, platinum prongs are used to secure the center stone because they are much stronger and durable.

Of all the metals used to design rings or other pieces of jewelry, platinum is the only metal with high hypoallergenic ability. If you suspect or have any allergies, platinum rings are the best option. A platinum ring 90-95% pure, and this is what makes it the only true hypoallergenic metal.

About Alex and Company Jewelers
Alex & Company Jewelers is a fine jewelry design company based in Boston. The is run by a family of jewelers that takes immense pride in designing and creating custom designed jewelry. They create fine, high-quality bespoke and sell them at honest prices.
To learn more about Alex and Company, visit their website at https://alexandcompany.com/