Platinum has a special place in the jewellery market and in the heart of the consumers all over the globe. Platinum is one of the fascinating metals that is highly durable and is the rarest of the rare. Nothing looks as exquisite as this metal called platinum. As far as pricing is concerned, platinum is pricey when compared to the most commonly found and used gold and silver jewellery. Have you ever wondered why platinum jewellery is expensive? If so, go through the information given below to know more about this type of jewellery and factors influencing its price.
Normally, metals used for making jewellery should be flexible to make designs yet endure heavy-use and time period. They should look beautiful and luxurious, otherwise the main purpose and essence of wearing jewellery would get lost. This is the main reason for jewellery being created from gold, silver and of course, platinum. But, the startling part is that the price of jewellery made from the above metals are not same, they vary and that too in multitudes.
To understand pricing, you need to consider these metals just like other commodities that are sold in the market. Normally a rare commodity and that too with a higher demand among consumers command higher prices than the ones that are available in plenty and without any demand. This is applicable to precious metals too. Even though gold is fairly rare when compared to other metals like silver, copper and brass, it is not as pricey as platinum. This is because platinum is rare of the rarest. Moreover, the effort and technology adopted for making platinum jewellery is more when compared to gold jewellery.
The higher price of platinum jewellery can also be attributed and justified to their unique properties. Platinum jewellery can be worn by people with highly sensitive skin and even by those who are prone to allergies as platinum is a non-reactive metal. It is also a metal that is resistant to heat and corrosion, making it a worthy purchase. Jewellery items made from platinum do not fade, loose sheen or break, they stay as it is and that too for years together. Hence, solitaire jewellery is often created using platinum. Both the precious metal and the stone complement each other very well not only by their color but also by their price.
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