When it comes to luxury metals, there is no metal more coveted than platinum. Many people wonder why platinum is more expensive than gold, and there are several reasons for this. In this post, we'll explore why platinum is an expensive and valuable metal of choice for jewelry.
What is Platinum?

Platinum is a chemical element with the symbol Pt and atomic number 78. It is a dense, malleable, and nonreactive metal that has a beautiful silver-white color. Platinum is one of the rarest and most valuable precious metals in the world, with much of it coming from South Africa and Russia.
Platinum vs. Gold

While both gold and platinum are precious metals, they differ in many ways. One primary difference is the rarity of the metals. Gold is more abundant than platinum, making it less expensive. Platinum is thirty times rarer than gold and is much harder to extract from the earth, making it more valuable. Another difference is their strength. Platinum is much stronger and more durable than gold, making it a popular choice for jewelry that will be worn frequently.
Platinum's Purity

Platinum is typically sold in its purest form, with a purity level of 95-98%. In contrast, gold is often mixed with other metals to make it more durable, such as copper and silver, which can reduce its overall value. Platinum's purity makes it an excellent metal of choice for jewelry since it doesn't tarnish or wear out quickly.
Platinum's Versatility in Jewelry-making

Platinum is a versatile metal that can be shaped and molded in many ways, making it an ideal choice for jewelry-making. Due to its strength and durability, it can be crafted into intricate designs that would be too delicate with other metals. Unlike gold, platinum is also naturally hypoallergenic, making it a suitable choice for those with sensitive skin.
Platinum's Rarity

As mentioned previously, platinum is thirty times rarer than gold, making it more valuable. Only a few hundred tons of platinum are mined annually, compared to over 2,000 tons of gold. Its rarity adds to its allure and exclusivity, making it a highly sought-after metal by jewelry enthusiasts and collectors.
Platinum's Durability and Longevity

Platinum is one of the most durable precious metals, making it an excellent choice for jewelry that will be worn often. Unlike gold, which can scratch, dent, and bend more quickly, platinum is much harder and less likely to sustain damage. In addition, platinum doesn't wear down or fade over time, allowing it to retain its shine and value for many years.
In Conclusion
Platinum's rarity, purity, durability, and versatility all contribute to its high value in the world of jewelry-making. While it may be more expensive than gold, many believe that its unique properties and exclusivity make it worth the investment. Whether you're looking for an engagement ring, necklace, or bracelet, platinum is an excellent choice for a luxurious piece of jewelry that will last and retain its value for many years to come.
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