**5/18/08 - update: the prices below are based on platinum at $1232. On 5/18/08, platinum was $2141. On 8/5/08, it was $1570. Metals markets have been fluctuating dramatically over the past few years. You can Google "platinum prices" to see current market prices. Then, use the following link to estimate the cost of making rings in my workshop:
pricing wedding rings
A little more about the cost of Platinum:
Platinum is both heavy and expensive. Fortunately, it is sold by weight. If your heart desires platinum but the market prices I've listed exceed your budget, you can make lighter rings. Here are a few examples of prices for making rings of different weights. They are based on a market of $1232/oz:
$2425 6mm x 1.5mm & 4mm x 1.5mm
$2150 5mm x 1.5mm & 3mm x 1.5mm
$1950 5mm x 1.25mm & 3mm x 1.25mm
$1650 4mm x 1mm & 3mm x 1mm
These prices* are your total fee, including the workshop, precious metal & sales tax.
You are welcome to make half-round simple bands.
Platinum Alloys
950 Pt/Ru - 95% Platinum with Ruthenium. Most wedding bands we make at my studio are of this alloy.
900 Pt/Ir - 90% Platinum with Iridium. We usually use this alloy when customers book late and Pt/Ru is not in stock at time of order. It is the alloy traditionally used in jewelry many years ago.
The price of 900 Platinum is about 5% lower than the 950 alloy. It is slightly softer and easier to work with. Color differences are minimal. I am happy to purchase 900 Platinum for customers on request.
*Prices are based on a $1232/oz platinum market and are subject to change. |
