Any jewellers here? Is it worth stacking an oz or 2 of platinum in anticipation of getting an engagement ring made towards the end of the year? Would it be the correct purity to used for rings? Would i be able to avoid a jewellers mark-up on the metal by doing it this way? Any info would be greatly appreciated
Engagement rings only weigh ~6-8 grams or so depending on the style - I have a platinum wedding band 3.5mm wide and it's less than 10 grams in weight.
Platinum gets pretty heavy quickly. My band weighs 19grams! An ounce should get you enough for 2 rings. I bought mine online. Consider this before being reamed buying it locally from the ripoff jewelry stores.
Yes, only 1 oz, I thinking that its probably not enough. I will need at least another half oz to have a pair of wedding bands. Luckily the price has not risen as much. I wouldn't be using it to make the rings, I would be selling it and buying the bands instead. I was only locking in the metal price. Slam
Can you actually bring your own platinum bars to a jeweller for it to be made as wedding/engagement rings?
i heard froma friend that platinum is mostly used in wedding jewlery in Japan so the reactor meltdown might cause ppl to have less weddings for a while which might mean drop in platinum. I'm semi-serious.
A French king said that platinum is the only metal worthy for royalty. Its specific gravity is aroudn 21.5 to 1. So the same volume of Pt weighs 21.5 times heavier than if it were filled with water. Gold around 19.5 to 1 silver around 10.5 to 1. Base metals around 6-8 to 1. Al probably less than 3 to 1. - Gotta love Aluminium Getting back to the point, yes it is a good idea to get Pt coins/bars to have made into jewellery. Much better than buying a made Pt ring ! thats for sure. Id like a Pd ring for myself actually. - one day
Thanks for the replies guys, some good info here. By the sounds of it 1 to 1.5 oz should cover an engagement ring + 2 wedding bands (little fingers for the win ).
You will save yourself on the metal cost, but in saying that they will allow for wastage (and that depends on the jeweller). Plus they might charge you a little more for labour. With Platinum jewellery you can have it either pure (as its still strong) or alloy it down with another white metal like silver, zinc, nickel or even palladium to make it stronger even still (and cheaper). And no you wouldnt be avoiding the jewellers markup as all he would do is minus the metal price from his usually pricing (you might find he might charge more, due to wastage etc...) just be aware thats all.
Here's a thought - stack the purchase price as silver instead. Just liquidate when you need to buy the rings - you might find silver has gone up by the time you need them