Platinum, known for its timeless elegance and durability, has become an increasingly popular choice for engagement and wedding rings in Bangladesh. If you’re considering this precious metal for your special occasion, it’s essential to understand the current market prices to make an informed decision.
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Price Ranges of Platinum Ring
- Basic Platinum Bands:
- Price Range: Tk. 20,000 – Tk. 40,000
- Simple and elegant platinum bands without any gemstone or diamond embellishments. These are classic choices for wedding bands and commitment rings.
- Platinum Rings with Small Diamonds or Gemstones:
- Price Range: Tk. 30,000 – Tk. 60,000
- Rings that feature small diamonds, gemstones, or subtle engravings on the band. These add a touch of sparkle and uniqueness to the design.
- Platinum Solitaire Engagement Rings:
- Price Range: Tk. 40,000 – Tk. 80,000
- Solitaire rings with a single, prominent diamond set on a platinum band. The price can vary based on the quality and size of the diamond.
- Platinum Rings with Multiple Diamonds or Gemstones:
- Price Range: Tk. 50,000 – Tk. 100,000+
- Rings with multiple diamonds, gemstones, or intricate designs. These can be engagement rings, anniversary rings, or statement pieces.
- Custom or Designer Platinum Rings:
- Price Range: Tk. 80,000 – Tk. 200,000+
- Custom-designed or designer platinum rings that are unique and tailored to your preferences. Prices can vary significantly depending on the design complexity and materials used.
- High-End Platinum Rings with Rare Gemstones:
- Price Range: Tk. 150,000 – Tk. 500,000+
- Exceptionally luxurious platinum rings featuring rare and valuable gemstones like sapphires, rubies, or emeralds. These are typically considered heirloom pieces.
- Vintage or Antique Platinum Rings:
- Price Range: Tk. 60,000 – Tk. 200,000+
- Vintage or antique platinum rings with intricate detailing or unique designs. These can be sought-after collector’s items.
Understanding Platinum Ring Prices
- Purity of Platinum:
- Platinum is typically mixed with other metals to enhance its durability. The purity of platinum is measured in percentages, with 95% (950 Pt) and 90% (900 Pt) being common standards. Higher purity levels are more expensive.
- Design and Complexity:
- The intricacy of the ring’s design can significantly impact its price. Intricate engravings, filigree work, or unique settings often require more labor and craftsmanship, which adds to the cost.
- Gemstones and Diamonds:
- If the ring features gemstones or diamonds, their quality, size, and number play a substantial role in determining the price. High-quality, larger stones increase the overall cost.
- Brand and Reputation:
- Jewelry from renowned and well-established brands often comes with a premium price tag due to their reputation for quality and craftsmanship.
- Customization:
- Custom-designed platinum rings, where you have a say in the design and materials, can be more expensive because of the personalized craftsmanship involved.
- Market Trends and Location:
- Platinum ring prices can vary based on local market conditions, demand, and economic factors. Prices in major cities may differ from those in smaller towns or rural areas.
- Certifications and Hallmarks:
- Certified platinum jewelry, which confirms the metal’s authenticity and quality, may be more expensive. Look for hallmarks like “Pt” or “950” to verify platinum purity.
- Ring Size and Weight:
- Larger and heavier rings require more platinum, which naturally increases the cost. Ring size also affects the amount of precious metal needed.
- Maintenance and After-Sales Services:
- Some jewelers offer warranties, resizing, cleaning, and maintenance services as part of the purchase, which can influence the overall value of the ring.
- Rarity and Uniqueness:
- Limited-edition or one-of-a-kind platinum rings with rare gemstones or intricate designs may command higher prices due to their uniqueness.
Brands Offering Exquisite Platinum Rings
1. Tiffany & Co:
Tiffany & Co. is synonymous with luxury and iconic jewelry design. They offer a stunning collection of platinum engagement rings and wedding bands, including the famous Tiffany Setting engagement ring.
2. Cartier:
Cartier is a French luxury jewelry brand known for its elegance and sophistication. Their platinum rings often feature timeless designs and high-quality diamonds.
3. Harry Winston:
Harry Winston is a prestigious brand celebrated for its exceptional diamonds and platinum craftsmanship. Their platinum rings are known for their exceptional brilliance and beauty.
4. Boucheron:
Boucheron, a Parisian jewelry house, is renowned for its creativity and innovative designs. Their platinum rings often feature unique and artistic elements.
5. Van Cleef & Arpels:
Van Cleef & Arpels is famous for its enchanting and whimsical jewelry designs. Their platinum rings often incorporate exquisite gemstones and intricate detailing.
6. Graff:
Graff is synonymous with rare and exceptional diamonds. Their platinum rings feature some of the world’s most extraordinary diamonds set in beautifully crafted settings.
7. David Yurman:
David Yurman is known for its distinctive cable motif and artistic designs. They offer a range of platinum rings that combine classic elegance with modern style.
8. Mikimoto:
Mikimoto is renowned for its exquisite pearl jewelry, but they also offer platinum rings that showcase the beauty of pearls and other gemstones.
9. Piaget:
Piaget is a Swiss luxury brand known for its elegance and craftsmanship. Their platinum rings often feature minimalist and sophisticated designs.
10. Bvlgari:
Bvlgari, an Italian luxury brand, offers platinum rings that combine classic Roman heritage with modern style, often featuring bold and unique designs.
11. Chopard:
Chopard is known for its ethical and sustainable jewelry. Their platinum rings often feature responsibly sourced diamonds and creative designs.
12. Tacori:
Tacori is a well-known brand for engagement and wedding rings, offering a variety of platinum settings with intricate details and a signature crescent silhouette.
Tips for Making a Smart Purchase
Set a Budget: Determine how much you’re willing to spend on the platinum ring before you start shopping. Having a clear budget will narrow down your options and prevent overspending.
Understand Platinum Purity: Familiarize yourself with platinum purity levels, such as 950 Pt (95% platinum) and 900 Pt (90% platinum). Higher purity levels are more valuable and durable.
Educate Yourself About Diamonds and Gemstones: If the ring includes diamonds or gemstones, learn about the Four Cs for diamonds (cut, color, clarity, and carat) and the quality factors for gemstones relevant to the specific type you’re interested in.
Research Jewelers: Look for reputable jewelers or authorized dealers with a strong track record for quality and customer service. Read reviews, ask for recommendations, and visit their physical stores if possible.
Ask for Certifications: Request certificates of authenticity and quality for both the platinum and any gemstones used in the ring. This ensures that you’re getting what you paid for.
Compare Prices: Don’t settle for the first option you see. Compare prices and offerings from different jewelers to ensure you’re getting the best value for your money.
Consider Customization: If you have a specific design in mind, inquire about custom-made platinum rings. Customization allows you to create a unique piece tailored to your preferences.
Check for Hallmarks: Inspect the ring for platinum hallmarks, such as “Pt” or “950,” which indicate the metal’s authenticity and purity.
Ask About Warranties and After-Sales Services: Inquire about warranties, return policies, resizing options, and cleaning and maintenance services offered by the jeweler.
Trust Your Instincts: Pay attention to your gut feeling when making the purchase. If something doesn’t feel right or if you have doubts, take your time or consider seeking a second opinion.
Negotiate When Appropriate: Depending on the jeweler and the circumstances, there may be room for negotiation, especially if you’re purchasing a more expensive ring.
Insure Your Investment: Once you’ve made the purchase, consider getting insurance for your platinum ring. This protects you in case of loss, theft, or damage.
Keep Records: Keep all purchase-related documents, including receipts, certificates, and appraisals, in a safe place. These records are essential for insurance purposes and future resale.
Consult a Jewelry Expert: If you’re unsure about any aspect of the purchase, don’t hesitate to consult a professional jeweler or gemologist for guidance and advice.
Plan Ahead: Avoid making hasty decisions. Take your time to research, visit different jewelers, and explore various options before committing to a purchase.
FAQs About Platinum Ring
1. What is platinum, and why is it used for rings?
Platinum is a dense, durable, and naturally white precious metal. It’s highly valued for its purity, rarity, and resistance to tarnish and corrosion. Platinum rings are popular for their durability and timeless beauty, making them an excellent choice for engagement and wedding rings.
2. What are the different platinum purity levels used in rings?
Platinum rings typically come in two main purity levels: 950 Pt and 900 Pt. The numbers represent the percentage of pure platinum in the alloy. “950 Pt” means the ring is 95% pure platinum, while “900 Pt” indicates 90% purity. Higher purity levels are more valuable but can be softer.
3. How does platinum compare to other metals like gold for rings?
Platinum is denser and heavier than gold, making it more durable and resistant to wear and tear. It is also naturally white, while white gold is typically alloyed with other metals and requires rhodium plating to maintain its white appearance. Platinum is hypoallergenic, making it suitable for those with sensitive skin.
4. Can platinum rings cause skin allergies or reactions?
Platinum is hypoallergenic, so it is less likely to cause skin allergies or reactions compared to some other metals. People with sensitive skin often find platinum rings comfortable to wear.
5. How do I care for and clean my platinum ring?
.Clean your platinum ring regularly with warm, soapy water and a soft brush to remove dirt and oils.
.Avoid exposing your ring to harsh chemicals or abrasive materials.
.Store your platinum ring separately from other jewelry to prevent scratches.
.Periodically have your platinum ring professionally polished and checked by a jeweler.
6. Can platinum rings be resized?
Yes, platinum rings can typically be resized by a skilled jeweler. However, resizing may be more challenging and expensive compared to resizing gold rings due to platinum’s hardness.
7. Are there different types of platinum finishes for rings?
Yes, platinum rings can have various finishes, including high polish, matte, brushed, and textured. The choice of finish can affect the ring’s appearance and style.
8. How can I determine the quality and authenticity of a platinum ring?
Look for hallmark markings on the inside of the ring, such as “Pt,” “950 Plat,” or “900 Plat.” These marks indicate that the ring is made of platinum. Additionally, consider requesting a certificate of authenticity and quality from the jeweler.
9. Can I wear my platinum ring in water or during physical activities?
Platinum is highly resistant to corrosion, so it can withstand exposure to water and moisture. However, it’s advisable to remove your platinum ring before engaging in strenuous physical activities to prevent accidental damage.
10. Are there different types of platinum colors for rings?
Platinum rings are typically silvery-white in color. Unlike white gold, platinum does not require rhodium plating to maintain its natural white appearance.
11. How do platinum ring prices compare to other metals like gold?
Platinum is generally more expensive than gold due to its rarity and density. The price of a platinum ring will also depend on factors like design, gemstones, and craftsmanship.