How much is a platinum wedding band worth? Asked Jonathan
Hi! I would like to sell a platinum wedding band. I bought it for my ex-wife but sadly we separated. I kept the ring for my memories but now it’s time to say good bye. Could you please tell me how much my platinum wedding band is worth? Thank you!
Jonathan from Orlando in Florida
Hello Jonathan! Thank you very much for contacting the reDollar appraisers. It’s our great pleasure to appraise your platinum wedding band. Please give us as much information as possible so that we can make a brilliant appraisal job from afar. If you have a certificate, please send us a copy. Thank you!
reDollar appraiser, Maria Tait
Our platinum prices at a glance:
Platinum .800 $22.28 per gram
Platinum .900 $25.06 per gram
Platinum .950 $26.45 per gram
Platinum .800 $34.53 per dwt.
Platinum .900 $38.84 per dwt.
Platinum .950 $41.00 per dwt.
Jonathan wants to know “How much is a platinum wedding band worth?”
Jonathan: Hi Maria! Thank you very much for helping me. I will try my best to assist you with the appraisal process. I bought the platinum wedding band two years ago in a fancy jewelry boutique on the Upper West Side of Manhattan. For business reasons I was in New York and I thought it’s a stately place to buy my love a wedding band. In the end, everything turned out differently but that’s another story.
Maria: I’m really sad to hear that. You have my deepest sympathy. Such situations are very hard. I hope I can positively surprise you with my appraisal for your platinum wedding band. Please provide me with the following information: photos of the ring, weight of the ring, certificates if available, and measurements of gemstones, or diamonds.
Jonathan: OK. I will provide as much information as I can.
Maria: Thank you very much for sending me photos of your beautiful platinum wedding band. It’s a really fancy piece of jewelry, I love the ring. Unfortunately you have no certificate belonging to your wedding band but even though we will find out the market value for this beautiful ring.
Jonathan: That would be great. I know what I paid for the ring but honestly, I count with a much lower price.
Maria: Let’s see. On basis of the information you sent me I can say that your platinum wedding band is a band ring with a full circle of round (brilliant) diamonds. In total we have 32 diamonds. We don’t know the carat weight of the diamonds from a certificate but the good news is that we can find the carat weight engraved. The engraving tells us that all diamonds have a total carat weight of .36. That’s good. Your platinum wedding band is a decent and unobtrusive, elegant piece of jewelry. The platinum content is 95% that means your ring is made of 95% fine platinum. In that case the weight of your ring plays just a secondary role, because the value will be defined via the diamonds than via the platinum.
Jonathan: OK. I understand. Is it also because there was not much platinum used for the production of this wedding band?
Maria: Exactly! The value will be calculated by the weight of the precious metal, in your case by the weight of the platinum. Because the ring is very frail and graced with many diamonds, the material value of the used platinum plays only a secondary role.
Jonathan: Thank you for your explanation, Maria. How much is my platinum wedding band worth?
Maria: I would estimate a fair market value for this wedding band of $850-$950. I’m pretty sure that you paid more in the jewelry boutique where you bought it, but that’s not the price you can expect from a commercial buyer.
Jonathan: Yes, I’m aware of that. That’s OK. Well, the price seems to be fair, I mean, I lost money but that does not surprise me.
Maria: Unfortunately we found no special hallmarks that indicate that your platinum wedding band was made from a special gold smith or from a special brand like Tiffany & Co., or Cartier for example. If that would be the case, your platinum wedding band would have a significantly higher value. As regards the quality of the diamonds, I would need the ring in our laboratory to check each diamond in detail. My appraisal is based on the given information and is made from afar. That means it’s not 100% accurate but it gives you a realistic idea of your platinum wedding band’s value.
Jonathan: Of course, that’s a lucid explanation. I’m very happy with your appraisal and the service you have offered me. Now I have a good idea how much money I can expect for my platinum wedding band. I thank you very much for your help, Maria. What’s the process if I sell my ring with your company?
Maria: The sales process with reDollar is very simple, safe, and quick. Please start the process on our website under Start Now. Please choose a convenient shipping method, pack your jewelry very well and get ready for shipping. If you choose to get a shipping kit, we mail you a shipping kit that contains everything you need for an insured and safe shipping. If you choose to get a shipping label, then we provide you a free and fully insured shipping label that you can use immediately. All our shipping solutions are cost-free for you. When we organize the shipping, you can be sure that your valuables are fully covered. Normally the shipping time takes not longer than 48 hours, for higher values also 24 hour shipments are possible. As soon as we receive your jewelry, we will make an immediate analysis and appraisal on the day of receipt. One to two reDollar experts appraise your jewelry before we send you an in-depth analysis report with our offer. The payment will be made in form of a check, PayPal, money order, direct deposit, Zelle, wire transfer, cashier check. That’s everything. If you should change your mind, or you are not happy with our offer, you can reclaim your items anytime. At no point of time we burden you with costs or fees and you have no obligation to sell with us.
Jonathan: Thank you very much, Maria! That sounds great. You have fully convinced me. I will start right now.
Maria: Thank you very much for your trust in us! I’m happy to welcome you as new reDollar customer.