Cost
A key factor in determining one’s choice of metal when creating jewellery is price. In the context of the present, it is no longer a toss-up between the two metals as to which is the more affordable option.
White gold has for decades past had a price advantage of anywhere between 40-60% over platinum as gold has all along trailed platinum on price. That situation began to reverse in the past 7-9 years and gold (yellow or white) no longer holds that advantage.
Particularly so, in the past 2-3 years, the tables have turned drastically and now 18K gold tops platinum in price by anywhere between 70 to 90%, making platinum the front runner's choice (if weight is not a concern).
However, higher labour and fabrication costs for platinum, and the denser nature of this metal means the use of 25 - 30% more weight over the same piece made in white gold. This does narrow the advantages of a cheaper base price for platinum, while still maintaining an attractive price advantage for a finished piece made from platinum.
Platinum craftsmen and fabricators are far fewer in number worldwide than are gold jewellery craftsmen, making platinum jewellery generally less visible in stores. Gold being widely available and popularly preferred, due to its strong investment appeal over platinum in most populated developing countries, is also a strong reason for the popularity of white gold over platinum.
The factors working in favour of platinum are:
- Being harder to work with, it has traditionally been considered a more exclusive and superior metal to gold (remember Platinum Jubilee always comes later than Gold Jubilee)
- Platinum alloys used in jewellery are purer with a 95% platinum content
- It is 30 times rarer and the annual mined output is a fraction that of gold and is mined in less than five countries worldwide.
- Platinum is still considered by many to be a ‘premium’ metal and is generally coveted in developed and wealthier nations due to historical reasons and its low maintenance.
In summary, white gold is considered more 'investment-friendly' and ubiquitous. If it’s a bright shiny look that you are after and convenience is a consideration, I suggest going with white gold
Platinum is no longer the costlier option that it used to be (but that may change in the future) and its enduring nature makes it the obvious choice for the long run. If exclusivity and durability is a desire, then platinum is the clear winner.
Facets is one among a handful of jewellers in Singapore that offer bespoke platinum jewellery fabrication.