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| The most frequently asked question, not surprisingly, is: How much will this cost? You can estimate the price easily, because precious metal is sold by weight. Start with the example prices for 6mm & 4mm x 1.5mm rings: $1450 - 18k Gold based on a gold market of $897 $1650 - 22k Gold based on a gold market of $897 $1200 - Palladium based on a palladium market of $443 $2775 - Platinum based on a platinum market of $1570 Subtract the workshop fee of $1000 for gold, $1150 for platinum. Example: $2775 total fee - $950 workshop fee = $1825 precious metal cost Adjust for today's metal market prices. (Google: "platinum prices" etc. for market) Divide the price by the old precious metal price, then multiply by the new price. For example, if today's price of platinum were $1800/oz: $1825 old mtl price / $1570 old mkt = 1.1624 * $1800 new mkt = $2092 new mtl price Adjust for the width of your rings. Let's say you want two 6mm bands. Add the widths and you have a total of 12mm. My examples have a total width of 10mm. Divide the price by 10 and multiply by 12. $2092 / 10mm total width = $209.20/mm * 12mm new width = $2510 Adjust for your ring size: If your finger size is less than size 8, subtract 5%. If you are both is less than size 8, subtract 10%. If your finger size is 11 or more, add 5%. $2510 * 95% = $2385 is your new price of metal. This includes sales tax. Add back the workshop fee: $2385 + $950 = $3335 This is how to estimate the price of your rings. A few useful tips: - When you ask for a quote, I basically go through all the above steps. I've done it thousands of times, so I can do it quickly. I've done it thousands of times, so don't expect a 2nd free quote. - The platinum alloy I usually use for the workshops contains 95% platinum. If you prefer to use a 90% alloy of platinum, reduce your materials price by 5%. UPDATE: The cost of iridium (the other metal in the 90% alloy) has increased enough that there is little cost difference between the alloys. - Precious metal is priced based on the market the day it is shipped to me. Your price is based on that price. I do not adjust the price based on market fluctuations after I have purchased your precious metal. - Please do not ask for quotes over e-mail. If you still need a quote, call me. |
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