|The most frequently asked question, not surprisingly, is:
How much will this cost?
You can estimate the price easily, because precious metal is sold by weight.
Start with the example prices for 6mm & 4mm x 1.5mm rings:
$2350 - 18k Gold based on a gold market of $1656
$2600 - 22k Gold based on a gold market of $1656
$1825 - Palladium based on a palladium market of $656
$3125 - Platinum based on a platinum market of $1523
Subtract the workshop fee of $1100 for gold, $1250 for platinum. Example:
$3125 total fee - $1250 workshop fee = $1875 precious metal cost
Adjust for today's metal market prices.
(Google: "platinum prices" etc. for market)
Divide the price by the old precious metal price, then multiply by the new price. For example, if today's price of platinum were $1800/oz:
$1875 old mtl price / $1523 old mkt = 1.231 * $1800 new mkt = $2216 new mtl price
Adjust for the width of your rings.
Let's say you want two 6mm bands. Add the widths and you have a total of 12mm. My examples have a total width of 10mm. Divide the price by 10 and multiply by 12.
$2216 / 10mm total width = $221.60/mm * 12mm new width = $2659
Adjust for your ring size:
For women sizes 5 1/2 and smaller, subtract 5%.
For men size 8 and smaller, subtract 5%.
For women size 8 1/2 and men size is 11 or more, add 5%.
$2659 * 95% = $2526 is your new price of metal. This includes sales tax.
Add back the workshop fee:
$2526 + $1250 = $3776
This is how to estimate the price of your rings.
A few useful tips:
- When you ask for a quote, I basically go through all the above steps. I've done it thousands of times, so I can do it quickly. I've done it thousands of times, so please don't ask me to do it twice.
- Precious metal prices change daily. Your price is based on the price the day that your metal is shipped to me. If you prefer to pay a guaranteed price, let me know and I can arrange it in my quote.
- Please do not ask for quotes over e-mail. If you still need a quote, call me.