Development and production in Russia
In European countries, platinum was first heard of in the 18th century. It was brought by Spanish conquistadors from South America. In Russia, mining of the precious metal began only in the 19th century, and most deposits were discovered in the Urals.
The first region where the valuable nugget was found was the Verkh-Isetsky district. Workers washing gold-bearing rocks noticed small-sized grains that shimmered and shimmered slightly. All attempts to dissolve them in acid failed. In 1823, it was possible to conduct laboratory tests and study the mysterious find. It was found to be a special type of raw platinum with a high content of osmium and iridium.
Over time, deposits with pure platinum placers were discovered in the Urals. Thanks to this discovery, Russia in 1824 came out on top in the world among countries engaged in the development of deposits. At that time, the cost of the nugget was enormous.
In 1827, a meeting of the Scientific Committee was held in the St. Petersburg Mining Cadet Corps, at which the newest method of producing white metal by forging was first presented. Soon there was a presentation of the first products - bowls, medals, wire, crucibles, platinum ingots. Platinum coins in denominations of 3, 6 and 12 rubles appeared in 1828.
By 1843, the production volume amounted to 3,500 kilograms, as a result of which the value of the nugget increased. An increasing number of people began to show interest in it, to find out how much 1 gram of platinum costs in rubles. By a special decree, all coins made from this metal were urgently withdrawn from circulation, which was associated with a high risk of counterfeiting and fear of exporting valuables abroad.
Only in 1867, by order of the tsar, the state monopoly was abolished and the export of platinum without duties to other countries was allowed. The favorable market situation attracted the interest of almost all of Europe, and England purchased a total of 16 tons. Before the First World War, Russia was the leader in the production of this metal - 93-95% of the world.
Deposit development is carried out using both underground and open-pit methods. In its pure form, platinum is found extremely rarely; it is more often found in ore and some minerals, depending on which it is determined how much a kg of platinum costs.
Platinum prices in Moscow
The cost of platinum at purchase points depends on the demand for the metal, the situation on the foreign exchange market, and the peculiarities of the political and economic situation in the country. The prices for metal offered by different delivery points differ slightly from each other, but the seller will always look for the most profitable option for himself.
Contact our company to receive the following benefits from cooperation:
- wide range of accepted products;
- jewelry, scrap, bars and coins are accepted in any condition;
- the most accurate assessment of the authenticity of the metal, weight and other parameters of the proposed assets;
- saving personal time - the client receives money on the day of application;
- transactions are concluded within the legal framework - the agreed value is fixed in the contract.
In our company, expert assessment of platinum is free. The appraiser, checking the authenticity of the metal, works as carefully as possible, without damaging the jewelry. Contact us to see these and many other benefits of cooperation!
Platinum sample | Price per 1 gram |
950 sample | 1401 rub. |
999 sample | 1503 rub. |
Features of valuable metal
The metal is characterized by a silvery-white hue, melts when heated to a temperature of 1774 degrees Celsius, and boils at 4410 degrees. It is much heavier than silver and gold, but at the same time it is quite easy to forge, draw and roll (high pressure processing).
The white metal is chemically stable, it can only be dissolved in aqua regia, slightly not brought to a boil (a mixture of hydrochloric and nitric acids), as well as in molten alkali and a solution of potassium cyanide. It is not susceptible to acid, does not oxidize, and is capable of crystallizing into face-centered cubic lattices.
Platinum is absolutely not toxic to humans, but if it contains impurities in the form of tellurium, then negative reactions from the gastrointestinal tract, skin irritation, weakness and general intoxication are possible. In general, it is considered healing due to its ability to penetrate the cells of the human body and activate the work of almost all organ systems.
Platinum has the following properties:
- heat resistance;
- electrical conductivity;
- inertia;
- resistance to acids and organics;
- resistance to aggressive influences.
Due to its strength, jewelry made from nugget does not break and does not leave scratches. For decades they are able to maintain their original impeccable appearance. Most often in the jewelry industry, platinum is supplemented with diamonds that perfectly harmonize with it in color, but sometimes other precious and semi-precious stones are also used. The cost of the products depends on how much a kilogram of pure platinum costs.
Compared to gold products, platinum ones are more durable and are suitable for daily wear. Less expensive analogues include titanium and palladium, which are used both independently in jewelry and as additional alloys.
How to purchase (through a broker or bank)
Here are the purchasing options:
- Physical platinum bars and coins can be purchased from commercial banks. To do this, you need to come to the branch with a passport and a sufficient amount. Before purchasing, we advise you to check the availability of the bullion denomination you need. Not all banks work with platinum.
- Most financial organizations provide the service of opening metal accounts without physical delivery. To open compulsory medical insurance, an individual needs a passport and an amount sufficient to purchase metal. You sign an agreement, the bank credits impersonal platinum in ounces to your account at the exchange rate on the day of the transaction.
- You can buy a share in a mutual fund through a management company or agent, in an ETF - through any broker. The investor is issued a security certifying his investment rights. When submitting an application to purchase a share, you must have your passport and bank account details with you, which will be used for payments.
Areas of use
Demand for the precious metal has begun to increase over the past 25-30 years. Before the start of World War II, over 50% of raw materials were used only in jewelry, but today almost 90% goes to science and industry.
In medicine, platinum has become an indispensable material:
- for the production of dentures;
- manufacturing instruments for operations (they do not oxidize, they are easily sterilized in alcohol burners);
- in the manufacture of pacemakers and catheters;
- in the creation of cosmetics and medications intended for the treatment of oncology;
- in the production of filtration systems, laboratory instruments, measuring cups.
No less important industries where white metal cannot be avoided are oil refining and chemical production. It acts as one of the main catalysts for the oxidative reactions of ammonia during its conversion to nitrogen oxide. Platinum accelerators are indispensable in the synthesis of pharmaceutical products and vitamin complexes.
In the automotive industry, the use of catalytic properties makes it possible to burn and neutralize exhaust gases.
The jewelry industry uses about 50 tons of white metal every year. Exquisite and solid jewelry attracts the attention of true connoisseurs. The products contain at least 95% pure platinum, a minimum of alloys and additives. The cost of jewelry depends on how much platinum costs in rubles (1 gram today is 1710, 22 rubles at the National Bank rate), as well as on the complexity of the work. Making jewelry is a painstaking technological process that requires special, expensive equipment.
The unique metal is considered pure, light and carries only positive energy. It endows its owner with wisdom, kindness, and prudence. Any product can become a real talisman, especially for healthcare workers. Jewelry neutralizes everything negative that accumulates in a person, sharpens intuitive thinking, indicates the right choice and protects against bad influences from the outside.
Sale
If you decide to sell platinum, the first thing you need to pay attention to is the price of 1 gram. Not all companies that offer the purchase of platinum and other precious metals are ready to offer the seller a decent price. If you want to sell platinum as profitably as possible, spending a minimum of personal time, we are waiting for you!
Buying platinum is a popular service, using which you can get a high income from the sale of jewelry.
In what form is it accepted:
- serviceable jewelry: rings, bracelets, chains, cufflinks, etc.;
- fragments (scrap);
- bank bullion;
- investment and ancient coins.
The condition of the proposed assets does not matter - the precious metal is accepted in any form. If the client makes a branded product or antique, the price of such assets will be as high as possible.
To sell products and make a decent profit, you will need a minimum of effort and personal time.
Transaction stages:
- Use the online evaluation form: describe the product you are selling. It is advisable to attach a high-quality photo of the decoration. This will speed up the assessment.
- Wait for the appraiser's response. The answer always comes on the same day as the request. If you are satisfied with the declared price, bring the items being sold to the delivery point.
- The jewelry is re-evaluated on site. The expert accurately determines the sample of the proposed product. This parameter has a key impact on the amount of the transaction with the precious metal. If the final price announced by the expert suits the owner of the jewelry, it is necessary to conclude a deal by signing the appropriate agreement. The document records the cost of jewelry sold by the client.
- After signing the contract, the seller receives the agreed amount. Money is issued in cash or transferred to the client’s bank card.
Profitable investments
Since platinum is an extremely rare gem with a high value, there is a fairly high demand for it. Those who can afford promising investments invest in this metal. It is considered a powerful financial instrument that, if used correctly, can significantly multiply the invested capital.
Platinum is not only a metal that is always highly valued, but also the status of who owns it. The constantly increasing demand for it provokes a stable increase in prices. In addition, the silver nugget acts as an exchange commodity. Trading is conducted on the largest stock exchange in New York and on the metal exchange in London, and the conclusion of futures contracts and contracts for immediate delivery is possible.
For many decades, platinum has provided a reliable alternative to investing savings in a bank in a specific currency. Investments in precious metals are offered by dozens of banks throughout Russia that have the appropriate license. According to experts, this is a profitable instrument, the share of which can be from 13 to 15% in the investment portfolio.
If you choose between bullion or OMS, which is more profitable?
Platinum bars (measured weighing from 1 g to 1 kg and standard - more than 1 kilogram) are considered property. Their acquisition is subject to a value added tax of 20%, subject to physical ownership. If you leave them in the bank or buy non-cash platinum, you do not need to pay VAT. Keep in mind that storing physical metal in a safe deposit box for several years will cost you a hefty fee.
When selling an ingot, coin or closing an account earlier than 3 years after purchasing metal of any form, you must pay 13% income tax on the profit received. Such investments will pay off in the short term if the price of platinum rises by at least 30%, which is unlikely.
The least expensive type of passive investment in platinum is the opening of compulsory medical insurance. Purchase and sale of metal in ounces is carried out at the current rate. There are no additional expenses in the form of taxes if you do not cash out gold in the first 3 years.
Forecast for several years
Platinum prices are consistently high. This is explained by the limited nature of its natural reserves and the complexity of deposit development. Despite some fluctuations in the schedule, experts predict an increase in prices due to growing demand.
The main consumers of platinum are industry and manufacturing. For example, the European automobile industry uses a quarter of the mined precious metal. Even in the long term, the situation will not change significantly. The popularity of platinum jewelry is expected to increase. The use of platinum as an investment asset is growing.
These factors contribute to the fact that, according to experts, the cost of Pt will increase by 2-4% annually.