Platinum wedding rings

Discussion in 'Platinum' started by GCP, Mar 20, 2011.

  1. GCP

    GCP Member

    Joined:
    Oct 12, 2010
    Messages:
    142
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Australia
    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
     
  2. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,918
    Likes Received:
    379
    Trophy Points:
    83
    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.
     
  3. silverfunk

    silverfunk New Member

    Joined:
    Mar 21, 2010
    Messages:
    1,523
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Winterfell
    I think slam has stacked plat for this particularly reason... could be wong.
     
  4. intelligencer

    intelligencer Active Member

    Joined:
    Jun 24, 2010
    Messages:
    2,667
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    Bris
    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.
     
  5. Slam

    Slam Active Member Silver Stacker

    Joined:
    Sep 27, 2010
    Messages:
    1,286
    Likes Received:
    9
    Trophy Points:
    38
    Location:
    Au
    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
     
  6. draeger

    draeger New Member

    Joined:
    Jan 8, 2011
    Messages:
    165
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Sydney
    Can you actually bring your own platinum bars to a jeweller for it to be made as wedding/engagement rings?
     
  7. Argentum

    Argentum Active Member

    Joined:
    Nov 7, 2010
    Messages:
    1,943
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Australia
    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. :)
     
  8. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

    Joined:
    Sep 1, 2010
    Messages:
    3,606
    Likes Received:
    2
    Trophy Points:
    0
    Location:
    Brisbane/Greenbank
    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
     
  9. GCP

    GCP Member

    Joined:
    Oct 12, 2010
    Messages:
    142
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Australia
    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 :p).
     
  10. Ageo

    Ageo Member

    Joined:
    Jun 2, 2010
    Messages:
    199
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Australia
    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.
     
  11. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,918
    Likes Received:
    379
    Trophy Points:
    83
    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 :)
     

Share This Page