The World's Most Useful
Gem & Jewelry Monthly Newsletter
Written by Carolyn Doyle for customers of
The Dorado Company
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Usable Gems... and a little opinion.
Platinum Jewelry With
Platinum Jewelry With Gems is
the title of this month's feature article.
The Platinum Jewelry With Gems article is
in response to another of the interesting questions from readers. In this
instance the question is... "Why does platinum jewelry with gems cost more
than similar gold jewelry, when the metal prices are comparable?"
We will explore two areas to glean the answers to this
question... alloys, and gem vs. top gem quality. Ready?
Platinum jewelry with gems is an alloy of
more than one metal... but, it is often 85% platinum, and 15% other metal. These
other metals may be palladium, iridium, ruthenium, tungsten, or even copper.
Gold jewelry with gems is also an alloy... of gold,
silver, copper, and/or other metals. 14 karat gold is 58% gold and 18 karat gold
is 75% gold.
As of this writing the spot metal price for platinum is
$849 per ounce, and gold is at $813 per ounce. As you can see, the prices are
roughly the same.
But when you consider a piece of jewelry such as the
bracelet pictured above, the alloys make a great deal of difference in cost.
There would be $721 of platinum in that piece , and $471 of 14K gold. ($849 x
85% for platinum, and $813 x 58% for 14K gold)
Platinum jewelry with gems often inspires
the jewelry artist (manufacturer) to use the very best quality gems available. A
"top gem" quality ruby, sapphire, emerald, of other precious gem is
often set in a platinum mounting.
Gold jewelry with gems may feature a gem quality stone
that's not quite as "gemmy." Both are beautiful stones, but the premium
stones command a premium price.
Platinum jewelry with gems is more
expensive than similar gold jewelry for good reasons. In
addition to the reasons explored above, platinum is more difficult to work with
and requires some additional specialized equipment.
Platinum Jewelry With Gems is our subject,
but platinum jewelry without gems is also available. Thank goodness platinum
jewelry with gems is much more popular!
A Google search using the search box below
and the keyword phrase platinum jewelry with gems will show you a number
of links and ads.
Gem Industry News...
November 28, 2008
JCK Magazine issued this compilation of first-hand reports on
the Mumbai terrorist attacks. The reports come from some of the diamond dealers
attending a meeting at the Taj Hotel.
at Taj and Oberoi hotels during Terrorist Attack, No Injuries Reported
Platinum Jewelry Demand May Rise In Asia
Johnson Matthey Plc, a leading precious metals dealer, says platinum demand
for jewelry in China and Japan, the two largest consumers, will probably rise
next year regardless of a global recession after prices fell from a record and
as metal recycling declines.
``We are beginning to see people come back to the market because of a lower
price,'' Rainaldo O'Meara, market research manager at the London-based company,
said today in an interview in Tokyo. ``This may well continue into next year.''
Platinum for immediate delivery touched a record $2,301.50 an ounce on March
4 as South Africa, the world's biggest producer, cut output because of power
shortages. Prices slumped to $744.25 on Oct. 27, the lowest since November 2003,
amid concern falling auto sales will cut demand for the metal used in automobile
pollution control equipment..
IT has arrived!
The Christmas sales season is upon us. This is where most jewelry dealers
make the most sales of the year. You should be working with your existing
customers and asking them to refer new customers to you.
When someone does send you a new customer... reward them!.
An ailing economy isn't a deal killer when you offer quality, service, and
low prices on beautiful jewelry and loose gems.
Do you enjoy jewelry and gems?
Do you enjoy talking with friends and co-workers?
Could you use an extra income source?
Take a look at our great
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The Dorado Company
P.O. Box 8232
Scottsdale, AZ 85252-8232