2010 update: Platinum markets have been fluctuating dramatically over the past several years. It would take a full team of elves to keep pricing updated even on this small site. Since the majority of the cost of platinum wedding rings is the cost of the platinum, prices are more drammatically affected by the market. You can Google "platinum prices" to see current market prices. Then:
The approximate cost of a workshop, platinum, and sales tax for a pair of flat, 1.5mm thick rings, 4mm & 6mm in width:
$2375 at a platinum market of $1000/oz.
$2600 at $1200/oz.
$2850 at $1400/oz.
$3125 at $1600/oz.
$3325 at $1800/oz.
$3550 at $2000/oz.
Platinum is heavy, expensive, and is sold by weight. If your heart desires platinum but your budget does not, you can make lighter rings. Here are a few approximate prices for making rings of different weights. They are based on a market of $1232/oz:
$2650 6mm x 1.5mm & 4mm x 1.5mm
$2375 5mm x 1.5mm & 3mm x 1.5mm
$2175 5mm x 1.25mm & 3mm x 1.25mm
$1875 4mm x 1mm & 3mm x 1mm
These prices reflect your total fee, including workshop, precious metal & sales tax.
pricing different sized wedding rings
You are also welcome to make half-round bands.
Platinum Alloys
950 Pt/Ru - 95% Platinum with Ruthenium. Most wedding bands we make at my studio are of this alloy.
900 Pt/Ir - 90% platinum with iridium. We usually use this alloy when customers book late and Pt/Ru is not in stock at time of order. It is the alloy traditionally used in jewelry many years ago.
The price of 900 platinum is slightly lower than the 950 alloy. It is slightly softer and easier to work with. Color differences are minimal. I order different alloys based on the circumstances of each workshop. I am happy to purchase a specific alloy for customers on request. |
