So having got a little swept up in the idea of Platinum...love the weight 34% more than 18ct gold
it got me looking at raw material prices and I was surprised to find how much cheaper Platinum was than Gold
current prices...= 1.55 ratio.
1kg of Gold 24ct = £ 40'253 bar / ingot 118mm x 53mm x 8mm
1kg of Platinum 999 = £ 26'000 bar / ingot 79mm x 40mm x 15.3mm
so I am struggling to understand why the massive hike in price...
for jewellery and watch manufacture the Gold 24ct gold is mixed with other metals 75/25 to end up with 18ct whereas the Platinum is left pure (999) for manufacture so I can see it 'gold' goes further.
But that still does not work out to an increase in raw material costs ?....or am i missing something ???? more likely being stupid and somebody with a bigger brain will explain.
Patek 5496R £ 67'280
Patek 5496P £ 84'640
A 25% increase for Platinum over Gold....
don't phone its just for fun.....