A great deal of the world bases the value of their jewels based on the presence of diamonds or rare gems, but the precious metals in which your jewels are set are also valuable. It’s no big secret that many people have metal collections in the form of precious coins or other items, and it’s because the metal is valuable. When it comes to figuring out which metals are the most precious and most valuable, this list is going to help.
Rhodium
It’s silver-like in appearance and it’s used on many items thanks to its reflective quality. However, you’ll find it most commonly appears in the automotive industry. It’s difficult to rust and corrode and it has one of the highest melting points in the world, which makes it a safe material. It’s also the most valuable precious metal, coming in at $1442 per ounce.
Platinum
It’s probably on your wedding band or used to set your favorite diamond earrings, and it’s valuable. It’s very similar to silver, and much like rhodium it does not corrode easily. It’s approximately $1187 per ounce, and it’s found most commonly in countries such as South Africa and Russia.
Gold
Everyone knows the value of gold is high, but most people are unaware just how high. Gold is one of the most commonly used metals. It’s found most commonly in jewelry, used to set gemstones on rings, earrings, necklaces and bracelets. Gold is found in many varying degrees, but it’s worth $950 per ounce.
Ruthenium
Discovered in Russia in the mid-1800s, ruthenium is an interesting metal. It’s used a lot in jewelry because of its hardness and durability. It’s also used a lot when making electronics because its effective in plating electric contacts. It’s worth around $450 per ounce.
Iridium
This is probably the most durable metal in the world. The elements have virtually no effect on iridium, and it’s valuable because of its durability and density. It’s very high in shine and doesn’t tarnish easily, which is why many jewelers are using this metal more frequently in very high-end pieces. It’s worth $420 per ounce.
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