The high price of platinum is influenced by several factors, some of them are quite obvious, others not so are obvious. In the world market of precious metals platinum is valued much higher than gold. Historically, the platinum price is always higher than the price of gold, but nowadays has happened is that the price of the metal, though not much, but it falls.

For example, in April of this year the price of one ounce of gold was in 1634, $ 10, and platinum - 1602. In principle, the situation on the world market of precious metals is considered to be atypical. Many years ago, the disproportion in the prices of gold and platinum look pretty impressive. Gold was worth an average of $ 1,000 per ounce, while the price of platinum was $ 2,000 per ounce. What we are seeing today, we do not respond to popular over the years the level of prices of these metals.

But we should not deceive ourselves and think that today, platinum and gold is almost the same. Go to a jewelry store and compare prices on the pair of platinum wedding rings Platinum - the most precious metal in the world   and the same set of rings made of gold. Price rings made of platinum will always be 2-3 times higher than that of gold.

What is the reason for this difference in the prices of these precious metals

Traditionally price certain amount of untreated platinum was always significantly higher than the price of the same amount of gold. In the past, jewelry made of platinum always cost 4-5 times higher than that of gold, but in recent years the price of platinum products decreased slightly and is now platinum jewelery are in 3, 5 times more expensive than gold. However, the question remains open if the difference in prices for unprocessed platinum and gold is not too great, why the difference in the price of finished jewelry made of platinum Jewellery made of platinum - a precious metal of all time   Gold is so striking?

The reasons for this difference are as follows:

• Platinum is about 60% heavier than the 14-karat gold, the gold ring has a weight of 10 grams in the same design, but platinum will weigh 16 grams. Thus, for a similar design you overpay exclusively metal weight. As a rule, the price of jewelry based on the amount of precious metal in a single decoration and for this reason we see the 60% price difference with the apparent slight discrepancy in the price of the raw metal (as in the case of platinum and gold are the exception rather than the rule) .
• The platinum jewelry contains 95% pure, while the 14-carat gold, pure gold is only 58, 3%. Pure gold - a 24 carat gold. In the US, for example, often are purchased jewelry from 14-karat gold, which means that this decoration is composed of 14 parts gold and 10 parts of certain impurities (14/24), hence the sample is obtained in 14 carat gold. The 18-carat gold, the actual gold 18 parts, 6 parts accounted for the other components of the alloy.
• The share of net platinum jewelery platinum 95% and only 5% are impurities. Products made of platinum is not only the most pure in terms of their content of pure precious metal, but also have a higher density and strength than gold jewelry.

This is one of the most obvious factors causing the price of platinum jewelery. You pay not only for the weight of the metal, but also for its almost 100% pure. Clean increases the value, and thus the price of any precious metal.

The complexity of the production, supply and demand

Companies engaged in jewelry business, manufacturing of jewelry made of platinum is much more expensive than the production of gold. Processing platinum more time-consuming process that requires highly skilled personnel. When buying a piece of jewelry, we do not think about the degree of malleability of metal or of labor-intensive industries, but these factors play a significant role in the formation of prices for platinum jewelery.

The increase in the cost of labor is not in the least affected by supply and demand factors. Demand for gold jewelry is much higher than for platinum jewelery. Volumes of production of platinum is not too high, so some manufacturers overstate the price of jewelry, as production of platinum jewelry takes a long time and end up not selling as fast as the product of gold.

Taking into account the above factors, and taking into account the relative parity of the price of platinum and gold, it should be noted that platinum is still elitist precious metal for the manufacture of exclusive fine jewelry.

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