(Closed) Price difference of 14k White Gold and Platinum?

posted 7 years ago in Rings
Post # 3
Member
955 posts
Busy bee
  • Wedding: April 2011

I would say it is or atleast vey close. Gold rings are plated and platinum is not so it increases the price quite a bit.

Post # 4
Member
3618 posts
Sugar bee
  • Wedding: November 2011

$2200 sounds right for a platinum ring, the 400 sounds on the lower end. But it could be like PP said that it is plated.

Post # 5
Member
2142 posts
Buzzing bee
  • Wedding: August 2010

What kind of platinum ring? The site I ordered my husband’s band from currently has a 6mm size 10 flat comfort fit platinum (PT950) band for $1730.

If it’s a bigger size, wider etc it will be more.

Post # 6
Member
14496 posts
Honey Beekeeper
  • Wedding: June 2011

That sounds really crazy.  The price difference quoted for me for my wedding band between 14k and platinum was $685 and $1100.  Can you find out the weight of the two bands in either material.  If so, you should be able to calculate raw material cost, and then find out what they are tacking on top of it for labor and see if its reasonble.

Post # 8
Member
14496 posts
Honey Beekeeper
  • Wedding: June 2011

Here’s my best guess at raw material cost…

That soudns like a REALLY good deal on the gold ring, the mark up is usually a lot higher.  When I looked at 14k white gold rings for my husband they were like $800.  8 grams 14k gold… 14k gold is 58%gold, 8 grams about 0.28 oz.  Gold’s about 1650/oz now – so in raw material gold you’d be looking at about $270ish. 

Platinum is about is actually cheaper than gold right now at about 1550/oz.  The difference though is that plat rings are normally 90 or 95% platinum and its heavier.  Gold density is a little less than half of plat, so say the plat ring would be 16 grams, so .56 oz, would be about $780 in material.

Post # 11
Member
14496 posts
Honey Beekeeper
  • Wedding: June 2011

The mark up on platinum is going to be insane no matter how you cut it.  It used to be ‘worth’ a lot more than gold, easily double gold just 1.5-2 years ago when gold was only 800/oz.  The price jewlery prices are such that it is going to keep this reputation that platinum is worth a lot more.  I just looked on blue nile and it sounds like 1700-1800 is about right for a 7mm 14 gram platinum ring.  Search around on some other sites, even if material cost is half of that, it may just be the market rate for platinum jewelery and jewelers wont budge.  Good luck.  Can you tell them your budget was 1250, but say you really love the ring and want that, but ask if they can do a just little better?  Maybe they can knock off a few hundred more.

Post # 13
Member
1917 posts
Buzzing bee
  • Wedding: April 2012

Platinum is really expensive right now.  I can also definitely feel a difference between my platinum ring and my gold rings.  Platinum is much heavier.

Post # 14
Member
14496 posts
Honey Beekeeper
  • Wedding: June 2011

@accorn: If that is the “first” quote they gave you, or so they think since you asked months ago, I think you can start your negotiations.   I only had time to do a quick look in my go to site (blue nile) but look around on some other reputable sites and see if you can find lower prices. That will give you some back up for the price you are asking for.  (unfortuately, blue nile supports their price, but see if you can find others that are lower.)  See if you can tell them your budget was say 1250, but you really love the ring and tell them you can find a way to make it happen if they can drop it to say 1500.  Pick a price you are ready to buy on and give it to them.  They will probably be more willing to negotiate if you are seriously ready to buy, so make that known.

Post # 16
Member
1572 posts
Bumble bee
  • Wedding: May 2013

I can’t remember the exact price difference but for my engagement ring to get it in platinum it was almost twice as much as white gold (and a couple hundred less for palladium). They didn’t make my wedding band in platinum, so my rings will be platnum and white gold but it’s not very obvious when they’re next to each other.

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