Thursday, August 11, 2011

Gold Prices Soar Above Platinum


These days, who doesn't want to get the most bang for their buck? With the economy in a downward spiral, educated shoppers want to make budget friendly purchases that stay on pulse with the latest trends.

Ordinarily, fine jewelry consumers will yield a little leeway to their pocket books when hunting for the perfect diamond or ring setting. Precious metals and gemstones are considered assets that generally maintain a consistent value. Yet with the uncertainty of our economy, the price of gold continues to appreciate. The commodity markets have verified the price of gold per ounce is more than that of platinum. Trendy yet budget conscious jewelry shoppers may be prematurely excited, but let's unravel the facts…

Let’s say you’re searching for a tiffany style Solitaire Engagement Ring for your one carat G VS2 round ideal cut diamond, the difference in price may determine whether your final selection is 14K white gold, 18K white gold or platinum.  Since the cost of gold per ounce has risen today above the cost of platinum for the first time since 2008, then why is a platinum ring setting still more expensive than a gold one?

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