Platinum is an expensive metal commonly found in jewellery, however, the rare metal rhodium holds more value. Platinum is the second highest valued metal. Platinum is denser, and thus more material weight is needed to produce the same ring than from white gold. Platinum alloys used in jewellery are purer.

• Atomic number (number of protons in the nucleus): 78.
• Atomic symbol (on the periodic table of elements): Pt.
• Atomic weight (average mass of the atom): 195.1.
• Density: 12.4 ounces per cubic inch (21.45 grams per cubic cm)
• Phase at room temperature: solid.
• Melting point: 3,215.1 degrees Fahrenheit (1,768.4 degrees Celsius)

Platinum metal is biologically inert, whereas soluble platinum compounds (e.g., halogenated salts) encountered in occupational settings can cause platinum salt hypersensitivity with symptoms that include bronchitis and asthma after inhalational exposure and contact dermatitis after skin exposure.

Platinum jewelry is more expensive than gold… Currently, gold costs around $1,300 per ounce, while the going price for platinum is $850 per ounce. Let’s discuss why you’ll still pay more for jewelry set in platinum, regardless of the price per ounce.

MONEX Live Platinum Spot Prices

Yes. Even though platinum’s monetary value is all over the place and it will vary depending on the purity of the metal, existing economic state, where you buy it, and the weight of the platinum. Platinum is quite valuable, though, and investing in platinum jewelry is a great investment move.

The price of platinum changes along with its supply and demand; during periods of sustained economic stability and growth, the price of platinum tends to be as much as twice the price of gold; whereas, during periods of economic uncertainty, the price of platinum tends to decrease because of reduced demand, falling …

The past 10 years shows gold holding its value better than platinum. An advantage with platinum is it rarely experiences the sharp spikes and lows in value like gold and silver. It stays fairly stable during economic growth and downfalls. For 2020, investing in precious metals other than platinum is better.

1 cent sized 500,000 diamonds with a total weight of 5000 carats having F-G color and VVS-VS clarity would cost you 2.75 million dollars. Total price = 550 * 5000 = #2,750,000 or $2.75 million.

The price of a 2 carat diamond ranges from $6,500 to $55,000, depending on the diamond’s cut quality, clarity, color and shape. Below, we’ve listed the average price range for 2 carat diamonds in the most common cuts and shapes.