Plus, platinum is 4 times stronger than white gold. That means it’s 4 times less likely to scratch, dent or bend like gold will. Platinum is used in jewelry because of its durability and ability to last a lifetime. Plus the fact that putting your gemstones and diamonds in a platinum mounting prevents the mounting from adding color to your stones.

Compare this to 14k gold, where only 53 percent of the metal is pure. Or 18k white gold, where only 75 percent of the gold is pure. However, not all platinum is 950 purity. 850 and 900 are also acceptable hallmarks of platinum grading. And you also have the 999 grade, which implies a 99.9 percent purity.

Diamond necklaces can cost an average of $500 to $36,000 or more if you purchase a truly rare piece. If you go for a necklace with one small diamond, that’ll cost at least $250. Otherwise, necklaces with many diamonds surpass the $30,000 mark.

The global jewelry market size was valued at USD 340.69 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.6% from 2023 to 2030. Increasing disposable income and innovative jewelry designs offered by manufacturers are expected to drive product demand.
Also, platinum gets regularly used in high-end platinum jewelry applications. And platinum is even held in long term investment portfolios typically in platinum bullion bars and coins. Learn the various uses for platinum today. The following nearly 140-year platinum price chart illustrates Platinum Price History in US dollar values per troy ounce. As Elizabeth puts it, “Platinum is roughly 40 to 50 percent more expensive than white gold because more platinum is required to make a piece due to its density. It is rarer than gold, which also wA5cuv6. 352 417 139 201 37 428 255 167 386

how much is a platinum necklace worth