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Facts About Platinum Atomic number (number of protons in the nucleus): 78. Atomic symbol (on the periodic table of elements): Pt. Atomic weight (average mass of the atom): 195.1. Density: 12.4 ounces per cubic inch (21.45 grams per cubic cm) Phase at room temperature: solid.
What are 5 facts about platinum?
Platinum Facts Meteorites and our moon contain a higher percentage of platinum than can be found on the Earth. The melting point of platinum is 3,215 °F (1,768.4 °C) and the boiling point is 6,917 °F (3,825 °C). Typically 95% pure, platinum is one of the purest precious metals.
What are 3 uses for platinum?
Platinum is commonly known for being used in the manufacturing of jewellery but its main applications spread to catalytic converters, electrical contacts, pacemakers, drugs and magnets.
What are 5 uses for platinum?
Platinum uses come from 5 major sectors: Platinum Automotive Catalytic Converter Exhaust Pollution Prevention (heavy in diesel) Platinum Jewelry. Platinum Petrochemical Uses. Platinum Investment Demand (platinum bullion bars, coins, ETFs) Platinum Industrial Applications.
Why is platinum so rare?
Platinum is much rarer than both gold and silver — so rare, in fact, that all of the platinum ever mined could fit into your living room. The vast majority of platinum comes from South Africa, where impediments to mining it have a strong impact on the spot price. These impediments have been coming fast and furious.
Is platinum better than gold?
Platinum: Despite being nearly identical in appearance, platinum is more valuable than gold. Platinum’s high price point can be attributed to its rarity and density as precious metals are often priced by their weight.
Is platinum better than diamond?
And for a ring that is symbolic of commitment and longevity, there is no better pairing than one made from two of the strongest and most radiant materials: platinum and diamond. Platinum is stronger, more durable and more likely to last a lifetime.
What makes platinum so valuable?
Why Is Platinum Jewellery So Expensive? The white silver metal known as platinum is the heaviest of the precious metals, weighing almost twice as much as karat gold. It is dense, ductile and impervious to corrosion. It is the least reactive metal and it has a very high melting point.
Is wearing platinum good for health?
The health effects of platinum are strongly dependent upon the kind of bonds that are shaped and the exposure level and immunity of the person that is exposed. Finally, a danger of platinum is that it can cause potentiation of the toxicity of other dangerous chemicals in the human body, such as selenium.
Where is platinum found on Earth?
80% of the world’s current production comes from South Africa and the Sudbury Basin of Canada. Smaller reserves can be found in the United States, Zimbabwe and Australia. Platinum is also attained through recycling.
What are the dangers of platinum?
* Platinum may cause a skin allergy. If allergy develops, very low future exposure can cause itching and a skin rash. * Platinum may cause an asthma-like allergy. Future exposure can cause asthma attacks with shortness of breath, wheezing, cough, and/or chest tightness.
What is platinum mostly for?
A shiny, silvery-white metal as resistant to corrosion as gold. Platinum is used extensively for jewellery. Its main use, however, is in catalytic converters for cars, trucks and buses. This accounts for about 50% of demand each year.
Is platinum a good investment?
Platinum offers a unique investment opportunity, with strong merits to consider: Platinum’s precious underpin offers a low-risk entry for investors looking to buy into this investment asset. Platinum has a low correlation to the performance of traditional assets and performs well during periods of economic recovery.
How much platinum is left in the world?
Total worldwide reserves of platinum metals are estimated to be some 69,000 metric tons. Almost all of it, some 95 percent, is located in the Earth’s crust of South Africa.Platinum metal reserves worldwide as of 2020, by country (in metric tons) Characteristic Reserves in metric tons Worldwide 69,000.
What metal is 30 times rarer than gold?
Palladium, platinum, rhodium, ruthenium, iridium, and osmium form a group of elements referred to as the platinum group metals (PGMs). Palladium is 30 times more rare than gold. This rarity affects its price on commodities markets and the metal reached record highs of more than $1,800 in Oct. 2019.
Is gold rarer than diamond?
But, in its elemental form, gold is significantly rarer than diamonds, Faul told Live Science. Gold is more abundant than large diamonds, but diamonds as a class of material are not particularly rare.
Why platinum has no resale value?
“Since the domestic demand for platinum is only 2%-3%, not much platinum trading happens in India. Platinum also has poor resale value as only a limited number of shops buy it back. Besides, compared with gold jewellery, making charges, close to Rs 500 per gram, are much higher for platinum jewellery.
Is Rose gold real gold?
Rose gold is an alloy made from a combination of pure gold and copper. For example, the most common alloy of rose gold is 75 percent pure gold to 25 percent copper, which makes 18k rose gold. Changing the percentage of one metal in the alloy will change the karat.
How much is my platinum ring worth?
A typical 4mm 95% pure platinum ring would cost you around $800, with wedding rings usually starting at about $2,000 (depending on the gem quality). Platinum offers many advantages over other metals.
Is white gold real?
White gold was originally developed to imitate platinum (a naturally white metal). White gold is usually an alloy containing about 75% gold and about 25% nickel and zinc. If stamped 18 karat, it would be 75% pure gold.
Is platinum better than white gold?
Platinum vs white gold: durability — it’s a tie 14K white gold is harder than platinum and scratches less, but platinum is stiffer and does a better job of holding the diamond in place for the long term. Both are durable enough for daily wear and significantly more durable than yellow gold.
What is the price of diamond?
Diamond Price Chart Diamond Carat Weight Price (Per Carat, Round Brilliant Cut) Total Price 1.0 carat $2,500 – $18,000 $2,500 – $18,000 1.50 carat $3,300 – $24,000 $4,400 – $32,000 2.0 carat $4,200 – $29,000 $8,400 – $58,000 3.0 carat $7,200 – $51,000 $21,600 – $153,000.
Is Titanium better than platinum?
Titanium is also incredibly strong, durable, and scratch-resistant. In fact, it’s even more resistant to everyday wear and tear than platinum. In fact, it’s the strongest metal available and won’t scratch or tarnish, but similar to titanium, cannot be resized at a later date.7 days ago.
Why platinum is expensive than diamond?
ďƒ˜ Platinum jewellery is always more expensive than gold jewellery due to its unique and rare qualities, but diamond jewellery is most expensive of all. Even if the diamond is smaller in weight but of excellent grading, it will still be costlier than gold and platinum being of greater weight.
What is the rarest metal on earth?
The rarest stable metal is tantalum. The rarest metal on earth is actually francium, but because this unstable element has a half life of a mere 22 minutes, it has no practical use.
