Here with a plan to upgrade your relationship by buying a ring for your partner. It’s important to know that Gold comes in karats. Karats is represented by “K”. So, whenever we have to buy an engagement or wedding ring we are made to decide whether we want 9k, 10k, 14k, 18k, or 24k gold.
Most of us opt for an 18k gold ring, want to know why? Because 18K contains a decent amount of gold and is not that expensive.
The 9K, 10K, and 14K are cheaper but they contain a small percentage of gold. 24K contains more gold but it is super expensive.
People go buy 24K gold rings, however, 18K is preferred. If you can afford it, you should invest in the most expensive type of gold; 24K. However, if this is not possible, an 18K gold ring is a fine option.
The 18K gold ring is durable and has more or less the same color and lustrous shine. Want to know how much the 18K gold ring costs?
So, How Much is an 18K Gold Ring Worth?
An 18K gold ring these days would be worth somewhere around $500 to USD 1100. However gold prices change almost every day. Moreover, all 18K rings would not be the same, there are a few factors that directly affect or determine the price of the ring.
Factors Determine Price of the 18K Gold Ring
As you already know all 18K gold rings are not created equal. The weight, gemstone, and labor are the few factors that determine the price of the 18K gold ring.
Weight
The weight of the Gold ring is one factor that affects the price to a great extent. Typically, the women’s gold ring weighs around 2 to 5 grams. In the 2 to 5 grams gold ring the pure gold content is about 1.5 to 3.75 grams.
The heavier the gold ring is the more gold it contains and the more expensive it would become. That’s the major reason when you go out to purchase a Gold ring, the jeweler sometimes weighs the piece from a gold nugget to calculate the price.
If you have less to spend, he would weigh and show you some affordable options.
Gemstone
The Gold ring can all be made with Gold or contains one or several gemstones. The gemstones addition also affects the price of the Gold ring.
If the Gemstone used in the Gold ring is expensive, it would make the ring more expensive. However, if the cheap gemstone is used the ring would be less costly.
Generally, rings that do not contain any gemstones are more expensive than things with gemstones.
Labor
It’s mandatory to mention here the labor cost is also added to the price of the Gold jewelry. Therefore, the design and the labor also increase or decrease the price of the Gold Jewelry.
The design that requires more labor and time is usually sold at a higher price than the simple rings.
Conclusion
The 18K gold ring’s worth can be somewhere around $500 to $1100. An accurate answer can not be given because the price of gold changes every day and the factors like weight, gemstones, and labor also affects the worth of the gold ring.
If the gold ring is heavy, contains an expensive gemstone, and the labor cost is high, the ring would be expensive. Usually, the simplest and the lightest gold rings are cheaper, the more heavy and complex the design gets, the more costly the ring becomes.