Platinum fell to 1,642.70 USD/t.oz on October 14, 2025, down 2.40% from the previous day. Over the past month, Platinum's price has risen 16.67%, and is up 66.77% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Platinum - values, historical data, forecasts and news - updated on October of 2025.

Stay informed with real-time charts of international precious metal prices. Monitor spot prices for Platinum in USD, GBP, and EUR. Access live updates here >>

This statistic depicts the average monthly prices for platinum worldwide from November 2014 through June 2025. In June 2025, the average monthly price for platinum worldwide stood at ******** nominal U.S. dollars per troy ounce.

Platinum prices in , September, 2025 For that commodity indicator, we provide data from January 1960 to September 2025. The average value during that period was 591.46 USD per troy ounce with a minimum of 78.5 USD per troy ounce in April 1963 and a maximum of 2052.45 USD per troy ounce in May 2008. | TheGlobalEconomy.com

As of May 21, 2025, the average platinum price decreased to around *** U.S. dollars per troy ounce. In 2021, platinum was sold at approximately, **** U.S. dollars per troy ounce, a year-on-year rise of close to ** percent. Platinum is a precious metal commodity which is used in jewelry and autocatalyst manufacturing.

View monthly updates and historical trends for Platinum Price. from United Kingdom. Source: World Bank. Track economic data with YCharts analytics.

Platinum Rings Market Outlook

The global platinum rings market was valued at USD 5.1 billion in 2023 and is projected to reach USD 7.9 billion by 2032, growing at a CAGR of 4.9% during the forecast period. The market size expansion is primarily driven by the increasing consumer preference for luxury and durable jewelry. As consumers become more affluent and style-conscious, they are increasingly opting for high-quality jewelry items such as platinum rings, which are perceived as a symbol of status and sophistication. The market growth is further bolstered by the rising number of weddings and engagements worldwide, coupled with a growing trend of personalization and customization in jewelry.

One of the significant growth factors in the platinum rings market is the inherent qualities of platinum itself. Platinum is renowned for its durability and resistance to tarnish, making it an ideal choice for long-lasting jewelry. This metal’s hypoallergenic properties further enhance its appeal, particularly among consumers with sensitive skin. Additionally, the metal's ability to hold gemstones securely makes it a preferred choice for high-end engagement rings and wedding bands. The increasing awareness about these benefits, alongside effective marketing strategies by leading jewelers, is significantly driving market growth. Moreover, the emotional and symbolic value attached to platinum rings, often associated with everlasting love and commitment, adds to their demand.

Another key driver is the surge in disposable incomes and changing lifestyles, particularly in emerging economies. As economies grow, the middle-class population expands, resulting in increased consumer spending on luxury goods, including fine jewelry. This trend is further supported by the global fashion industry's influence, where platinum rings are often showcased as timeless and versatile accessories that complement various styles and occasions. The rise in online retailing also plays a crucial role, offering consumers a convenient and wide-ranging platform to purchase platinum rings, complete with customization options and competitive pricing. This accessibility boosts consumer engagement and consequently, market growth.

The environmental and ethical sourcing of platinum is also emerging as a significant growth factor. With increasing consumer awareness regarding sustainable practices, jewelers are adopting responsible sourcing methods to attract environmentally conscious buyers. Certification programs and transparent supply chains are becoming key selling points, thereby encouraging purchases from an ethical perspective. This shift towards sustainability in the jewelry sector aligns well with broader consumer trends towards eco-friendly products, further propelling the platinum rings market.

Regionally, the platinum rings market shows varied growth patterns, with Asia Pacific leading due to its burgeoning middle-class population and increased urbanization. North America and Europe remain significant markets, driven by high consumer spending power and the continued popularity of platinum in engagement and wedding rings. Meanwhile, regions like Latin America and the Middle East & Africa offer promising growth prospects as market penetration improves and economies develop. The regional outlook is shaped by cultural preferences, economic conditions, and changing consumer behaviors across different geographies.

Product Type Analysis

The product type segment in the platinum rings market is categorized into engagement rings, wedding bands, fashion rings, and others. Engagement rings represent a significant portion of the market, driven by their symbolic significance and the tradition of proposing with a platinum ring. The demand for engagement rings is consistently high, fueled by the enduring social customs around marriage and proposals. Jewelers continue to innovate in this space, offering a range of designs that feature intricate craftsmanship and gemstone embellishments, further enhancing their appeal. The market for platinum engagement rings is also bolstered by the trend of personalization, where consumers seek unique designs that reflect personal stories and relationships.

Wedding bands are another crucial sub-segment, reflecting both tradition and modern design trends. As couples increasingly look for matching bands that symbolize unity, the demand for customized and elegant platinum wedding bands is on the rise. The durability and purity of platinum make it an ideal choice for wedding bands, ensuring that they withstand the test of time. Innovations in design, such as dual-tone bands a

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Platinum Market Size 2025-2029

The platinum market size is valued to increase USD 1.88 billion, at a CAGR of 4.5% from 2024 to 2029. Growing demand for platinum in various industries will drive the platinum market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 53% growth during the forecast period.
By End-user - Automotive segment was valued at USD 2.71 billion in 2023
By Source - Primary segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 39.16 million
Market Future Opportunities: USD 1883.30 million
CAGR from 2024 to 2029 : 4.5%

Market Summary

The market is a dynamic and evolving entity, driven by the increasing demand for this precious metal in various industries. One of the primary sectors fueling this growth is the automobile industry, where platinum is extensively used in exhaust systems to reduce emissions. The energy-intensive processing of platinum further underscores its value and demand. According to recent reports, the automotive sector accounts for approximately 40% of global platinum demand. As regulatory pressures mount to reduce emissions and improve fuel efficiency, the demand for platinum in catalytic converters is expected to continue growing.
However, challenges such as price volatility and the availability of alternative materials pose significant obstacles to market expansion. Despite these hurdles, the market presents numerous opportunities for innovation and growth, particularly in the development of cost-effective and sustainable platinum alternatives.

What will be the Size of the Platinum Market during the forecast period?

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How is the Platinum Market Segmented?

The platinum industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Automotive
  Jewelry
  Industrial
  Investment


Source

  Primary
  Secondary


Form Factor

  Platinum bars
  Platinum coins


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By End-user Insights

The automotive segment is estimated to witness significant growth during the forecast period.

Platinum, a precious metal, plays a pivotal role in various industries, particularly in the automotive sector, where it contributes to reducing emissions of harmful gases like CO2 and NO2 through catalytic conversion. In addition to automotive catalysts, platinum finds extensive use in other automobile components, such as antilock braking systems, airbag initiators, and spark plugs. The demand for platinum in automobiles is propelled by stringent regulations aimed at minimizing emissions and enhancing fuel efficiency. Moreover, the application scope of platinum extends beyond automobiles. In agriculture, platinum-based products offer numerous benefits, including improved nutrient uptake efficiency, enhanced nutrient delivery, and water use efficiency.

These benefits are crucial for crop resilience factors, such as stress tolerance mechanisms, biotic stress resistance, and photosynthesis stimulation. Platinum's role in agriculture also includes the promotion of beneficial microorganisms, integrated pest management, and soil health indicators like soil microbial diversity and soil enzyme activity. The market for platinum in agriculture is experiencing significant growth. According to recent reports, the market is projected to increase by 15%, with a similar growth rate expected in the near future. This expansion is driven by the increasing adoption of sustainable agriculture practices, such as precision agriculture technology, which relies on platinum for enhanced root development enhancement and crop quality attributes.

Furthermore, platinum's role in improving fertilizer use efficiency and potassium availability has garnered significant attention, leading to a 20% increase in demand for platinum-based products in the agricultural sector. Platinum's potential in carbon sequestration is another promising application, with estimates suggesting that platinum-based products could sequester up to 10% of global CO2 emissions. This development aligns with the growing focus on reducing greenhouse gas emissions and mitigating climate change. Additionally, platinum's ability to stimulate plant growth through plant hormone modulation and phosphorus solubilization contributes to plant biomass accumulation and plant disease resistance. In conclusion, the market for platinum in various industries, particularly in automobiles and agriculture, is witnessing continuous growth and innovation.

Platinum Jewelry Market Outlook

The global platinum jewelry market size was valued at approximately USD 6.5 billion in 2023 and is expected to grow significantly, reaching an estimated USD 9.8 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.5% during the forecast period. The growth of the platinum jewelry market is primarily driven by increasing consumer preference for high-quality, durable, and aesthetically appealing jewelry, alongside rising disposable incomes and evolving fashion trends.

One of the major growth factors of the platinum jewelry market is the increasing awareness and appreciation of platinumÂ’s unique qualities among consumers. Platinum is highly durable, hypoallergenic, and possesses a natural luster that does not fade over time, making it a preferred choice for fine jewelry. Additionally, the growing trend of bridal jewelry featuring platinum due to its symbolic association with purity and eternity has fueled its demand. This is further supported by marketing campaigns and endorsements by celebrities, which have significantly bolstered consumer perception and demand for platinum jewelry.

Another critical growth driver is the expanding middle-class population with rising disposable incomes, particularly in developing regions such as Asia Pacific and Latin America. As economic conditions improve, consumers in these regions are increasingly inclined towards luxury goods, including platinum jewelry. The aspirational value associated with platinum, coupled with the increasing availability of platinum jewelry in various price ranges, has broadened the market's consumer base. The introduction of innovative designs and the fusion of platinum with other precious stones also play a pivotal role in attracting younger demographics.

The advancements in manufacturing technologies and techniques have enabled the creation of intricate and customized platinum jewelry pieces, which cater to the evolving tastes of consumers. The growth of e-commerce platforms has further contributed to market expansion by providing a convenient and accessible means for consumers to purchase platinum jewelry. Online stores offer a wide range of products, competitive pricing, and detailed product information, enhancing the overall shopping experience. Moreover, the rise of social media and digital marketing has played a crucial role in reaching a broader audience and driving consumer engagement.

In addition to the rising popularity of platinum, Plain Gold Jewellery continues to hold a significant place in the global jewelry market. Known for its timeless appeal and versatility, plain gold pieces are favored for their simplicity and elegance. Unlike more elaborate designs, plain gold jewelry offers a classic look that can be worn daily or for special occasions, making it a staple in many wardrobes. The enduring allure of gold, coupled with its cultural significance in many regions, ensures that plain gold jewelry remains a popular choice among consumers. Furthermore, its intrinsic value and the ease with which it can be passed down through generations add to its desirability, making it a cherished investment for many.

Regionally, Asia Pacific dominates the platinum jewelry market, accounting for a significant share of the global market. The region is expected to continue its dominance due to the high demand for platinum jewelry in countries like China and India, where platinum is increasingly preferred for weddings and festive occasions. North America and Europe also represent substantial markets for platinum jewelry, driven by a strong presence of established jewelry brands and high consumer spending on luxury items. The Middle East & Africa and Latin America are emerging markets, with growing consumer awareness and increasing penetration of premium jewelry brands contributing to market growth.

Product Type Analysis

The platinum jewelry market is segmented by product type into rings, necklaces, bracelets, earrings, and others. Rings, including wedding bands and engagement rings, hold the largest market share within the platinum jewelry segment. This is largely due to the cultural significance and increasing popularity of platinum rings for matrimonial purposes. The timeless appeal and enduring quality of platinum make it an ideal choice for such significant life events, ensuring sustained demand in this segment.

Necklaces represent another significant segment in the platinum jewelry market

The size of the Platinum Industry market was valued at USD 7.9 Billion in 2023 and is projected to reach USD 11.27 Billion by 2032, with an expected CAGR of 5.2% during the forecast period. Platinum is a precious metal with high value due to the unique characteristics that make it useful in many industries such as automotive, jewelry, and electronics. Platinum is widely used in the automotive sector, especially in the production of catalytic converters that play a crucial role in minimizing harmful emissions from internal combustion engines (ICE). The increasing use of personal vehicles, along with rigorous emission standards, significantly fuels the demand for platinum. Increasing disposable income of people and growth of luxury jewelry market, particularly in emerging economies, is contributing to the demand for platinum. Additionally, the rising inclination towards investing in precious metals as a safeguard against inflation and currency volatility is anticipated to further elevate demand, as platinum draws the interest of investors, particularly in times of economic instability. Recent developments include: April 2022: Impala Platinum Holdings Limited plans to acquire a 100% stake in the South Africa-based platinum manufacturer Royal Bafokeng Platinum. It already owns 35.3% of the shares of Royal Bafokeng Platinum. The 100% acquisition will pave the way for creating one of the biggest platinum metal miners worldwide. It will also help Impala consolidate its market position., February 2022: Heraeus Holding agreed to form a joint venture with BASF SE to recover precious metals, including platinum, from spent automotive catalysts in China. Under this joint venture, a new company named BASF Heraeus Metal Resource Co. Ltd. will be set up in Pinghu, China.. Key drivers for this market are: Increasing Usage in the Industrial Applications, Growing Demand for Applications in the Automotive Industry. Potential restraints include: High Product Prices. Notable trends are: Growing Demand for Exhaust Systems in Automobile Industry.

About this dataset

Context

The dataset tabulates the Platinum population over the last 20 plus years. It lists the population for each year, along with the year on year change in population, as well as the change in percentage terms for each year. The dataset can be utilized to understand the population change of Platinum across the last two decades. For example, using this dataset, we can identify if the population is declining or increasing. If there is a change, when the population peaked, or if it is still growing and has not reached its peak. We can also compare the trend with the overall trend of United States population over the same period of time.

Key observations

In 2023, the population of Platinum was 54, a 0% decrease year-by-year from 2022. Previously, in 2022, Platinum population was 54, a decline of 3.57% compared to a population of 56 in 2021. Over the last 20 plus years, between 2000 and 2023, population of Platinum increased by 13. In this period, the peak population was 67 in the year 2019. The numbers suggest that the population has already reached its peak and is showing a trend of decline. Source: U.S. Census Bureau Population Estimates Program (PEP).

Content

When available, the data consists of estimates from the U.S. Census Bureau Population Estimates Program (PEP).

Data Coverage:

• From 2000 to 2023

Variables / Data Columns

• Year: This column displays the data year (Measured annually and for years 2000 to 2023)
• Population: The population for the specific year for the Platinum is shown in this column.
• Year on Year Change: This column displays the change in Platinum population for each year compared to the previous year.
• Change in Percent: This column displays the year on year change as a percentage. Please note that the sum of all percentages may not equal one due to rounding of values.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Platinum Population by Year. You can refer the same here

Rhodium traded flat at 7,275 USD/t oz. on October 14, 2025. Over the past month, Rhodium's price has risen 2.11%, and is up 52.36% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Rhodium - values, historical data, forecasts and news - updated on October of 2025.

Platinum Engagement Ring Market Outlook

According to our latest research, the global platinum engagement ring market size reached USD 6.8 billion in 2024, reflecting robust demand for premium jewelry worldwide. The market is projected to grow at a CAGR of 5.1% from 2025 to 2033, reaching an estimated USD 10.6 billion by 2033. This growth is primarily fueled by rising consumer preferences for durable and luxurious engagement rings, increased disposable incomes, and evolving fashion trends that emphasize exclusivity and personalization.

One of the primary growth drivers for the platinum engagement ring market is the growing consumer inclination towards luxury and status symbols, particularly among millennials and Generation Z couples. As these demographics increasingly seek unique and high-value pieces to symbolize their commitment, platinum engagement rings have become highly desirable due to their rarity, durability, and hypoallergenic properties. The enduring luster and strength of platinum make it an ideal choice for engagement rings, as it retains its shine and resists tarnish over time. Additionally, the trend of customizing engagement rings to reflect individual styles and preferences has further propelled demand for platinum, as it offers versatility in design and setting.

Another significant factor contributing to market expansion is the rising influence of digital marketing and social media platforms. Jewelry brands are leveraging these channels to showcase their latest platinum engagement ring collections, educate consumers about the benefits of platinum, and create aspirational value. Influencer endorsements, virtual try-on technologies, and interactive online campaigns have played a crucial role in shaping consumer perceptions and purchasing decisions. The convenience of online shopping, coupled with enhanced customer service and after-sales support, has made it easier for consumers to explore, compare, and purchase platinum engagement rings from the comfort of their homes, further boosting market growth.

Sustainability and ethical sourcing are also emerging as key growth factors in the platinum engagement ring market. Consumers are increasingly concerned about the environmental and social impact of their purchases, leading to a surge in demand for responsibly sourced platinum and conflict-free diamonds. Jewelry manufacturers and retailers are responding by adopting transparent supply chains, obtaining certifications, and promoting eco-friendly practices. This shift towards sustainability not only enhances brand reputation but also attracts environmentally conscious buyers, thereby expanding the customer base and opening new avenues for market growth.

From a regional perspective, Asia Pacific stands out as the fastest-growing market for platinum engagement rings, driven by rising affluence, urbanization, and shifting cultural attitudes towards marriage and luxury consumption. North America and Europe continue to hold significant market shares, supported by established jewelry traditions, high purchasing power, and a strong presence of leading brands. Meanwhile, emerging markets in Latin America and the Middle East & Africa are witnessing steady growth as consumers in these regions increasingly embrace Western-style engagement rituals and seek high-quality, prestigious jewelry options.

Product Type Analysis

The product type segment of the platinum engagement ring market is categorized into solitaire rings, halo rings, vintage rings, three-stone rings, and others. Solitaire rings remain the most popular choice, admired for their timeless elegance and ability to highlight the beauty of a single, central diamond or gemstone. The enduring appeal of solitaire platinum engagement rings lies in their simplicity and focus on quality, making them a preferred option for both traditional and modern couples. The market for solitaire rings is further supported by the trend of minimalism and the desire for classic, understated luxury.

In 2025, the gross global demand for platinum is estimated to be around *** million ounces. Platinum is one of the least reactive metals in the world and is highly resistant to corrosion. It is often used as a catalyst or as a precious metal.

Cash-and-Equivalents Time Series for Jubilee Platinum. Jubilee Metals Group plc operates as a diversified metals processing and recovery company. It operates through Copper and Cobalt, PGM and Chrome, and Other segments. The company explores for platinum group metals, such as platinum, palladium, rhodium, iridium, osmium, and gold; and chrome, lead, zinc, vanadium, copper, nickel, and cobalt deposits. It holds interests in the Sable refinery, Roan concentrator, Kitwe, and Munkoyo properties located in Zambia; and the Inyoni, Thutse, and Windsor projects located in South Africa. The company also holds interests in the LG material and other tailings resource areas. It has operations in South Africa, Australia, Mauritius, Zambia, and the United Kingdom. The company was formerly known as Jubilee Platinum Plc and changed its name to Jubilee Metals Group PLC in December 2017. Jubilee Metals Group PLC was founded in 2001 and is based in London, the United Kingdom.

Precious Metal Market Outlook

As of 2023, the global market size for precious metals is valued at approximately $250 billion, and it is projected to reach around $370 billion by 2032, with a compound annual growth rate (CAGR) of 4.3%. This robust growth is driven by several factors, including increasing demand from emerging markets, heightened investment interests, and technological advancements in industrial applications. Precious metals, particularly gold and silver, have long been valued as safe-haven assets, but recent trends indicate a broader scope of applications, which is further fueling market expansion.

The growth of the precious metal market is significantly influenced by the geopolitical climate and economic uncertainties. In times of political instability or economic downturns, investors often turn to precious metals as a means of preserving wealth, which in turn spikes demand. For instance, during periods of inflation or currency devaluation, gold and silver are particularly sought after as they retain intrinsic value. Moreover, central banks around the world have been bolstering their gold reserves, a move that not only stabilizes their own currencies but also adds upward pressure on gold prices, thereby contributing to market growth.

Another notable driver of the precious metal market is the growing industrial demand, especially for metals like silver and platinum. Silver, with its excellent electrical conductivity, is widely used in electronics and solar panels. Meanwhile, platinum finds extensive applications in automotive catalytic converters. As industries adopt greener technologies and renewable energy solutions, the demand for these metals is expected to rise. Additionally, advancements in medical technology and the growing use of silver in antibacterial applications are further broadening the scope of industrial demand for precious metals.

The jewelry sector continues to be a substantial contributor to the precious metal market. Gold and silver jewelry remain highly valued across various cultures, symbolizing wealth and prestige. The rise in disposable income coupled with changing fashion trends in emerging economies is driving the demand for both traditional and contemporary jewelry design, thereby bolstering market growth. Moreover, the increasing influence of online platforms has made luxury jewelry more accessible to a broader audience, further enhancing market reach.

Silver Bullion plays a pivotal role in the investment landscape, offering a tangible asset that investors can physically hold. Unlike digital investments, silver bullion provides a sense of security and ownership that is often appealing during times of economic uncertainty. The demand for silver bullion is influenced by its affordability compared to gold, making it an attractive option for both new and seasoned investors. Additionally, silver bullion is not only a store of value but also a hedge against inflation, protecting purchasing power over time. As global markets fluctuate, the stability and reliability of silver bullion continue to draw interest from a diverse range of investors seeking to diversify their portfolios.

Regionally, Asia Pacific dominates the precious metal market, driven largely by high consumption in countries such as China and India. The cultural affinity towards gold in these regions, especially during festivals and weddings, underpins the demand. Europe and North America also represent significant markets, with a strong focus on investment and industrial applications. Meanwhile, emerging markets in Latin America and the Middle East & Africa are projected to exhibit a higher growth rate due to increasing industrialization and rising disposable incomes.

Type Analysis

The precious metal market is segmented into various types, including gold, silver, platinum, palladium, and others. Gold remains the most prominent segment, accounting for a substantial portion of the market share. Its allure as a hedge against inflation and economic instability makes it a favored choice among investors. Furthermore, gold's intrinsic value and historical significance continue to make it a preferred asset for central banks and institutional investors. The jewelry sector also heavily relies on gold, with countries like India and China leading the demand, driven by cultural and traditional practices.

Silver follows gold in terms of market significance, primarily due to its dual role as both an industrial and inv

Index Time Series for Sprott Physical Platinum and Palladium Trust. The frequency of the observation is daily. Moving average series are also typically included. Sprott Physical Platinum and Palladium Trust is an exchange traded commodity launched and managed by Sprott Asset Management LP. The fund invests in commodity markets. It invests in physical platinum and palladium bullion in Good Delivery plate or ingot form. Sprott Physical Platinum and Palladium Trust was formed on December 23, 2011 and is domiciled in Canada.

United States IP: PS: Silver incl Silver Plated with Gold or Platinum data was reported at 137.300 Dec2021=100 in Mar 2025. This records a decrease from the previous number of 137.500 Dec2021=100 for Feb 2025. United States IP: PS: Silver incl Silver Plated with Gold or Platinum data is updated monthly, averaging 105.150 Dec2021=100 from Dec 2021 (Median) to Mar 2025, with 40 observations. The data reached an all-time high of 141.200 Dec2021=100 in Nov 2024 and a record low of 81.000 Dec2021=100 in Sep 2022. United States IP: PS: Silver incl Silver Plated with Gold or Platinum data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.JA237: Import Price Index: by Harmonized Index.

United States EP: PS: Gold incl Gold Plated with Platinum data was reported at 113.300 Dec2001=100 in Mar 2025. This records an increase from the previous number of 110.600 Dec2001=100 for Feb 2025. United States EP: PS: Gold incl Gold Plated with Platinum data is updated monthly, averaging 56.800 Dec2001=100 from Dec 2001 (Median) to Mar 2025, with 280 observations. The data reached an all-time high of 201.500 Dec2001=100 in Apr 2006 and a record low of 22.200 Dec2001=100 in Nov 2006. United States EP: PS: Gold incl Gold Plated with Platinum data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.JA116: Export Price Index: by Harmonized Index.

The global platinum ring market exhibits strong growth potential, driven by increasing consumer preference for durable and luxurious jewelry. The market's value is substantial, with a projected market size exceeding $5 billion in 2025, demonstrating consistent demand despite economic fluctuations. A Compound Annual Growth Rate (CAGR) of approximately 5% is anticipated from 2025 to 2033, indicating a steady expansion. This growth is fueled by several factors: rising disposable incomes in developing economies, evolving fashion trends that highlight platinum's versatility and timeless appeal, and the increasing popularity of platinum as a symbol of enduring commitment and luxury, particularly in engagement and wedding rings. Key players such as Cartier, Tiffany & Co., and several prominent Asian brands dominate the market, contributing to its competitiveness and innovation. However, the market faces certain constraints. The high price of platinum compared to other precious metals, such as gold or silver, limits accessibility for a segment of consumers. Fluctuations in platinum prices due to global economic conditions and supply chain disruptions can impact market stability. Furthermore, the market is sensitive to evolving consumer preferences and trends, demanding continuous innovation and adaptation by market participants. Despite these challenges, the inherent value and desirability of platinum, coupled with targeted marketing strategies and diverse product offerings, position the market for continued growth and expansion over the forecast period. Segmentation by region (e.g., North America, Europe, Asia-Pacific) reveals varying market dynamics, with Asia-Pacific likely exhibiting the highest growth rate due to the region's burgeoning middle class and strong cultural affinity for precious jewelry.