Interestingly, the spot price of platinum is currently less than 40% that of gold, on a per-gram basis. Yes, platinum is roughly 10% denser, but still, the value of the 95% platinum in the watch is roughly equivalent to the same amount of 10k gold, which is barely even considered to be a precious metal.
Apparently, people of a certain generation still have a nostalgic view of Pt being a high-end material, from the days when getting a platinum credit card was a step up from a gold card.
Apparently, people of a certain generation still have a nostalgic view of Pt being a high-end material, from the days when getting a platinum credit card was a step up from a gold card.
Check out the price of rhodium! There are six metals in the platinum group. Platinum, palladium, iridium, ruthenium, osmium, and rhodium. In terms of prices of these metals, platinum and palladium are toward the bottom end. The three metals of this group that are used in jewellery are platinum, palladium, and iridium. Platinum is usually alloyed with palladium or iridium when used in jewellery. As has been mentioned, platinum is about 40% of the price of gold. How come the $131,000.00 price on the platinum Speedmaster 321? It has likely been alloyed with the more expensive iridium, but still!
