Platinum jewelry has grown in popularity in India over the years, with many choosing premium quality items over other precious metals. It is estimated that more than 20 percent of all wedding jewelry purchased in the country is made of platinum – a testament to its growing appeal among Indian consumers.
As platinum jewelry has become increasingly popular in India, so too has the associated price tag. The average cost of a piece of standard-grade diamond wedding platinum jewelry ranges between 50,000 and 60,000 rupees, but can range anywhere from 30,000 to 1 million rupees or more depending on factors such as size and quality of workmanship.
The major factor affecting the market price for platinum jewelry is the amount of raw material available as it affects supply and demand. Increasing global demand for both industrial purposes such as car exhaust systems or medical applications such as heart valve implants have had an effect on skyrocketing prices for high grade platinum.
This has been further compounded by the tariffs imposed by US President Donald Trump on Chinese exports including jewellery products which inevitably affects businesses exporting from countries such as India.
In addition to these larger economic forces impacting prices, craftsmanship investment has also been identified as a factor driving up prices for custom pieces or royal designs. This includes high-end labor costs for experienced goldsmiths working on intricate designs featuring engravings, filigree and gemstone setting etc using centuries-old techniques handed down through generations.
Another significant factor influencing cost is metallurgy which affects characteristics such as durability and color of the metal used to create end products; this ranges from low-karat yellow gold to pure white 22K gold which affects pricing structures accordingly.
Much like any product category, prices also reflect differences between retail stores – local store outlets tend to charge a premium over independent jewelers who purchase wholesale from large manufacturers whose economies of scale ensures that they are able to offer competitive rates without compromising on quality standards or design requirements.
Ultimately weighing up these factors should help customers both expectedly assess how much they should expect to spend when purchasing Platinum Jewelry in India while ensuring that they get value for money by investing into quality pieces that will last a lifetime.
Benefits of Platinum Jewelry
Platinum jewelry is becoming increasingly popular among Indian customers for a variety of reasons. One of the primary benefits of platinum jewelry in India is its cultural significance and its rarity due to its limited availability. Platinum jewelry has long been a sign of luxury and status, and many Indian families will purchase platinum jewelry as a way to symbolize their success and wealth.
Additionally, since only a small amount of platinum is mined each year, the metal can become quite valuable and therefore represent more than just an aesthetically pleasing piece of jewelry. As an investment, platinum also holds stronger value than other precious metals such as gold or silver.
Not only is there economic value in purchasing platinum jewelry in India, but there is also much cultural significance that must be taken into consideration. In some major cities and regions throughout India, it is common practice for brides to wear heavy gold jewellery during marriage ceremonies as part of Hindu custom. This tradition still stands today due to the fact that gold has long been seen as a status symbol and wealth indicator in India.
However, many people are now opting to replace gold with platinum for various events such as weddings or engagements in order to show off their status even further. Furthermore, owning certain types of platinum jewellery (such as rings or necklaces) can mark distinction between tribes, religions or social classes within Indian society due to its rarity & economic value.
Affordable Price Range
In addition to its cultural importance in India, another benefit of purchasing Platinum Jewelry lies in the price range available for customers. A large selection if quality items are offered at prices which compare favorably when taking into account all other competitive offers available on the market.
For example, some men’s wedding rings can be purchased for approximately 30k-inr while women’s engagement rings can start from roughly 50k-inr upwards depending on the size & type required by the customer respectively. Furthermore discount deals may also be available during promotional sales events so customers have the option to get great quality items at discounted rates where possible:
- Men’s Wedding Ring – 30K-INR
- Women’s Engagement Rings – Starting from 50K-INR
- Discount Deals Available During Promotional Sales Events
Factors that Influence Prices of Platinum Jewelry
Platinum has become a popular metal for making jewelry over gold and other expensive metals due to its durability, shine, and beauty. Jewellers are offering a large variety of platinum jewelry designs to meet the needs of their customers in India. Factors like geographic location, seasonal fluctuations, manufacturer reputation, quality of the material used by the jeweler etc affect the prices of platinum jewelry significantly.
The cost of platinum jewelry also depends upon from where it is purchased from; whether it is from an urban or rural area. Prices in major cities like Mumbai, Delhi, Kolkata are much higher than that of smaller cities or townships in India, due to the high cost of living and overhead expenses as compared to other areas.
Also with such cities being hubs for international trading and commerce can easily manipulate the market price by manipulating factors like demand-supply, economizing on resource usages & costs etc which eventually result in increase & decrease in price patterns.
Prices tend to fluctuate seasonally and may rise during special occasions like weddings or Diwali depending on how high the demand for such metal is at that time leading to an increased price throughout most parts of India. Goldsmiths often up their prices during festival seasons when more people are likely to be browsing their stores searching for gifts thereby giving them an opportunity to increase their profits margins per item sold.
Another factor influencing the pricing strategy of platinum jewelry would be based on the repute manufactured holds for itself among its customers emanating from factors such as its legacy iin terms design quality & customer service ensuring customer satisfaction imparted previously. Hence this results into higher pricing demand since trust already established would force customers sway towards his brand’s offerings paying premium compared to others if no other avenues required making them blind choice thus inflating prices even further.
Availability of Platinum Jewelry in India
Platinum jewelry is available for purchase in India and it can be found being sold by both independent jewelers as well as online platforms. It is important to make sure that the jewelry is authentic and of high quality before purchasing, otherwise there could be some adverse effects in terms of health or finances.
Buying from Independent Jewelers
When looking at purchasing platinum jewelry in India it is possible to visit a local jeweler who should provide detailed information about the origin of the jewelry and will provide an ‘assay report’. This document outlines the purity and quality of the materials being used in production of the item which provides assurance to potential buyers that their money is being spent wisely.
However, often times people find prices at local jewelers to be relatively expensive due to overhead costs such as salaries, rental costs, etc which means they may opt for buying from online platforms.
Buying from Online Platforms
The internet has become an integral platform for businesses where customers can purchase almost anything. Buying platinum jewelry online in India involves doing research on reliable sites such as Amazon, Flipkart and Myntra and comparing different vendors offering similar pieces.
Buyers can also read customer reviews to get a better idea of how a certain product looks and performs after purchase. The websites also offer secure payment options such as credit/debit cards, wallets like Paypal or net banking so customers have peace knowing their money is safe during transaction.
Consulting with Professionals
Customers should remember that consulting with an experienced professional such as a gemologist or appraiser prior to making any purchases can help them ensure they are getting good value for money when buying platinum jewelry. Additionally, some providers will offer warranties and return policies if something goes wrong with the item purchased – this must be looked into before taking advantage of these services if relevant.
Popular Platinum Jewelry Stores in India
Amrapali Jewelers was established in 1978 and is now recognized as a top player in the jewelry industry of India. They specialize in high-end diamond, pearl, jadau and kundanmeen jewellery crafted from platinum. Each piece is beautifully designed to perfection with attention to detail. All their products come with a lifetime exchange guarantee and must pass stringent quality assurance tests before hitting the store shelves.
PC Chandra Jewelers is one of the leading names when it comes to gold jewelry from India. With over 60 stores across 19 states, they offer an extensive collection of diamond, platinum, gold and silver jewelry for both bridal and daily wear. Their jewelries are crafted traditional motifs infused with modern techniques to give you the most stunning masterpieces that will surely bring out your best features.
Tanishq is another well-known name in Indian jewelry industry and has earned immense popularity due its outstanding designs and craftsmanship. Their extensive collections include everything from wedding trousseaus to everyday pieces made from gold, silver and platinum but with their own trademark Indian twist that sets them apart from the rest of the luxury brands.
Tanishq provides exquisite ranges of cost effective jewelry that are made with painstaking minute details ensuring that every item bought from them stands for fantastic value for money 4. Kalyan Jewellers:
Kalyan Jeweller’s aim to provide luxury without compromising on quality takes shape through their exceptional collection of jewels crafted from eighteen carat gold, rose gold and natural diamonds along with gems like ruby rubies, pearls or sapphires set in intricate settings made up of white gold and yellow alloys such as 950 Palladium or 916 Gold Springfields Platinum rings/jewelry. This family owned business boasts six decades of experience pouring tons of love into each handcrafted masterpiece.
- Amrapali Jewels
- PC Chandra Jewelers
- Kalyan Jewellers
Tips for Buying Platinum Jewelry
When it comes to buying any type of jewelry, the price is one of the most important factors to consider. Platinum jewelry is no different, and Indian jewelers have a great selection of pieces made from this precious metal. However, there are certain things that should be watched out for when shopping for platinum jewelry in India.
- Research thoroughly before buying – The customer should take some time to learn more about platinum jewelry before making any purchase. This will help them avoid getting fooled by unscrupulous jewelers.
- Validate certifications – Platinum pieces will usually come with certificates attesting their authenticity. It’s important to make sure that these certificates are from reputable organizations and not faked.
- Compare prices and shop around – Prices between different retailers can vary significantly so it’s always good to compare and shop around before settling on a particular piece
In terms of quality, shopping for platinum jewelry in India is somewhat tricky because its production processes may differ from place to place and affording poor results at times. The customer should always check that the piece they are purchasing is genuine. This also applies when sourcing second-hand or antique pieces.
- Check markings – Sometimes raw materials used in crafting platinum jewelry can be mixed with other alloys which lower their purity levels and therefore devalue them. To make sure the piece’s quality hasn’t been compromised the customer can closely inspect any relevant stamps or hallmarks.
- Only buy from trustworthy vendors – Before finalizing any purchase customers should make sure that whoever they are buying from is reliable and can provide proof if needed.
- Check for signs of wear – Buying preowned items may seem like an economical choice but it’s important to check for signs of damage prior to concluding a transaction.
It is also worth noting that if a retail store offers unusually low prices than this could be an indication something isn’t quite right. Platinum jewelry pieces require tremendous amounts of effort and resources so large markdowns suggest potential scams or lower quality materials being used.
Maintaining Platinum Jewelry
Caring for your platinum jewelry is an important part of keeping it looking its best. Because it’s a precious metal, you should take special care to ensure that it retains its brilliance and durability. Here are some tips to help keep your platinum jewelry looking great:
- Regularly inspect the item for any signs of damage such as scratches or discoloration
- Avoid contact with harsh chemicals such as ammonia and bleach as these can cause pits in the metal surface
- Do not expose the jewelry to extreme temperatures which could cause fading or make them brittle over time
- Clean the platinum using a soft cloth or brush at least once a week, using hot water and mild soap
- Store your platinum jewelry separately from other metals as this will reduce tarnishing caused by contact
In addition to proper cleaning and storage, there are ways to keep you Platinum Jewelry prices in India under control. Regular checks of the market may uncover some discounts on items made of Platinum. If possible, try shopping around at different dealers to find the most competitive price. Additionally, refurbishing old pieces may be more cost-effective than purchasing brand new ones when searching for Platimum Jewlery Price in India.
Refurbishing also gives customers the opportunity to customize their jewelery with new designs or stones, while remaining within their budget. Lastly, consider shopping online where there are plenty of discount websites offering low prices on certified Platinum jewellery. By taking advantage of all these different methods and doing some research prior to purchase, individuals can save a substantial amount on our purchase when shopping for Platinun Jewelery Price in India.
How to Get the Best Value for Your Money When Buying Platinum Jewelry
When it comes to buying platinum jewelry in India, there are multiple ways of getting the best value for your money. In a traditional store, the price of platinum jewelry usually is out of reach and can be prohibitively expensive for many buyers. However, with the advent of online stores, the prices have come down drastically and you can find several discounts and offers available while shopping for precious metals such as platinum.
One way to get great savings when buying platinum jewelry in India is by taking advantage of promotional sales offered by bigger stores or websites. Many retail stores will offer promotions on certain pieces during special occasions like anniversaries, holidays or other important days like wedding season.
Shopkeepers may also be willing to give discounts if they think a customer needs more than one piece of jewelry from their store. Also, online retailers who specialize in selling precious metal jewelry often host various promotional events throughout the year which provide buyers an opportunity to purchase pieces at reduced rates.
It is also possible to buy platinum jewelry at discounted prices from auctions and second-hand dealers. Auctions tend to offer items which have been pre-owned but still remain in good condition and can be purchased at extremely low prices provided buyers are willing to do their research beforehand.
Second-hand dealers on the other hand are more likely to offer pieces that have been deeply discounted due to being used formerly so these could make great bargains if you’re looking for beautiful pieces without breaking your bankroll too much.
Lastly, some websites even feature special coupons or discounts if a buyer is able to refer their friends or family members who go on to purchase items from their website – making it easy to enjoy greater benefits through collective bargaining.
Welcome to my jewelry blog! My name is Sarah and I am the owner of this blog.
I love making jewelry and sharing my creations with others.
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