Federal Trade Commission
Protecting America's ConsumersPlatinum ... the very word conjures up quality and luxury. When it comes to jewelry, platinum usually is mixed with similar metals or non-precious base metals. The value of a platinum piece of jewelry often depends on the percentage of platinum it contains: the higher the percentage of pure platinum, the higher the value. The Federal Trade Commission, the nation's consumer protection agency, says that knowing how marketers describe platinum and what questions to ask can help you make an informed choice when you're shopping.
No platinum jewelry is 100 percent pure platinum. Traditionally, platinum jewelry contained 85 to 95 percent pure platinum alloyed with other precious metals. In recent years, some platinum pieces have been alloyed with a larger percentage of non-precious base metals (like copper and cobalt).
Ask your jeweler about the attributes of any piece of platinum jewelry you're considering buying to give you an idea of the piece's quality and value for the cost. Find out if the item is hypoallergenic, durable, lustrous, dense, scratch and tarnish resistant, if it can be resized or repaired and if it retains the precious metal over time. Marketers should tell you if a platinum/base metal alloy item does not have these attributes.
Marketers describe or mark platinum in terms of the percentage of pure platinum in the piece. An item should be at least 50 percent pure platinum (or 500 "parts per thousand" platinum) to bear any kind of marking indicating its platinum content. It also will have other metals – either the precious platinum group metals that include iridium, palladium, ruthenium, rhodium and osmium – or non-precious base metals like copper and cobalt.
When you're looking at a piece of platinum jewelry, you may see a variety of markings or descriptions indicating how much platinum it contains: Some marketers spell out the word platinum; others abbreviate it as Plat. or Pt. Here's how to read those marks so you can determine the platinum content of a piece of jewelry:
The bottom line? You don't need to be a jeweler to know what you're buying. If you don't see a mark or label with the percentage – or parts per thousand – of platinum, it doesn't contain enough platinum to be called platinum, regardless of what a seller tells you.
| If You See This on The Label | What It Means |
|---|---|
| Platinum | At least 95% pure platinum |
| 850Plat. | 85% pure platinum and 15% platinum group or base metals |
| 800 Pt. 200 Pd. | 80% pure platinum and 20% palladium; the product contains 100% platinum group metals |
| 75% Platinum 25% Copper | 75% pure platinum and 25% copper; the total of pure platinum and other platinum group metals is less than 95% |
| No platinum label | Less than 50% pure platinum |
The FTC works to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop and avoid them. To file a complaint or get free information on consumer issues, visit ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. Watch a video, How to File a Complaint, at ftc.gov/video to learn more. The FTC enters consumer complaints into the Consumer Sentinel Network, a secure online database and investigative tool used by hundreds of civil and criminal law enforcement agencies in the U.S. and abroad.