The captivating allure of platinum lies not only in its stunning brilliance but also in its inherent value. While its purity plays a crucial role in determining its worth, it’s a nuanced relationship with fascinating implications.
Platinum purity is measured in parts per thousand (ppt). The higher the purity, the more refined the metal. While pure platinum (99.99%) exists, it’s incredibly expensive and rarely used in commercial applications. Most jewelry and investment pieces fall within the 900-950 purity range.
Impact on Value:
- Higher Purity: As purity approaches 99%, the price tag significantly increases due to the rarity and difficulty in refining the metal.
- Practicality: For jewelry and everyday items, a purity of 950 is considered optimal, offering a balance between value and durability.
- Alloying: The addition of alloy metals enhances the strength and workability of platinum, making pieces more practical for everyday wear.
Factors Influencing Value Beyond Purity:
The value of platinum is influenced by various factors, including:
- Market demand
- Supply and production costs
- Global economic conditions
Investing in Platinum:
When investing in platinum, purity is just one aspect to consider. Other factors like the total weight and market conditions play a significant role in determining the overall value.
Understanding the intricacies of platinum purity is crucial for making informed decisions when purchasing jewelry or investing in this precious metal.
Buy From: Nike Dunk Low Wolf Grey Pure Platinum DX3722-001 / cool grey dunk lows