What are the different grades of platinum?

If letters are given, they will say either PT, PLAT, or PLATINUM, which indicates that the ring is at least 95% platinum. In the U.S., the number given before or after these letters can be 850, 900, or 950. This indicates that the ring is made with 85%, 90%, or 95% pure platinum, respectively.

Are platinum wedding bands worth anything?

According to CNN Commodities Prices, platinum is $1,538.70 USD per troy ounce. Based on this, the melt value of your 95% platinum rings is about $1,060. Typically we can return 70% of the fine platinum value based on the weight and market price.

What is zirconia platinum?

High Quality Cubic Zirconia Platinum Rings from Birkat Elyon Platinum is a chemical element that naturally occurs in its solid form, a precious metal that is grey-white in color and is lustrous (shiny).

What is a patina on platinum?

Platinum patina is the change in finish and texture that develops on platinum as a result of regular wear. It’s often described as a satiny or slightly frosted finish, although it can vary in color and appearance. Overall, it’s a slight loss of luster.

Is it worth buying platinum jewelry?

And you will get back only 85% of the value of platinum. If you still feel like pampering your loved one or even yourself with a platinum band or a formal jewellery, you can still go ahead. It costs as much as gold. But remember this is just a purchase which may attain some investment value in future.

What is platinum jewelry stamped with?

PT”
Platinum jewelry should be stamped “PT” for pure platinum or “PT900” or “PT950,” indicating the number of parts per thousand that are pure platinum.

Does platinum lose its shine?

Over time, platinum will fade in a different way. It won’t turn yellow, like yellow gold; but, it will begin to lose its shiny finish and build a natural patina (more on this in a bit). Some people actually prefer this look because it will accentuate the brilliance of a diamond and make it appear more sparkly.

How can you tell if its real platinum?

Platinum is a very rare and expensive metal. Therefore, all platinum jewelry will be marked to show authenticity. Look for the words “Platinum,” “PLAT,” or “PT” followed or preceded by the numbers “950” or “999.” These numbers refer to the purity of the platinum, with “999” as the most pure.

Why there is no resale value for platinum?

Platinum also has poor resale value as only a limited number of shops buy it back. Besides, compared with gold jewellery, making charges, close to Rs 500 per gram, are much higher for platinum jewellery. Buyers also need to be cautious when it comes to the purity of the metal and what it is mixed with.