Gold, Platinum and diamond wedding rings have been the most preferred options, but with the entrance of tungsten rings has changed this. Tungsten is generally the cheapest of the precious rings, despite its good quality and long-lasting attractiveness.
These positive attributes have made it one of the most bought rings globally, with its affordability across all income earners groups making it the more famous. This has continuously raised the question of why the cost is relatively low as compared to other material rings.
Below are a number of reasons why the price of tungsten wedding rings is cheap, as opposed to its counterparts.
1. Most are sold online
Most tungsten sale is don’t on the internet. This reduces the cost of the tungsten wedding rings to a huge fraction since there are fewer middlemen. Most of the manufacturers of the rings have opted for the online platform, to primarily increase the reach of the precious rings globally.
In addition, they also reduce their prices to increase its ability to compete with the other traditional precious jewelry metals such as Gold.
2. Tungsten metal is more available
When compared to precious metals, it is easier to mine tungsten than the others such as platinum. Tungsten is found primarily in two minerals, named scheelite and wolframite. Other minerals such as Ferberite and Huebnerite have compositions of tungsten to a certain percentage.
On earth, tungsten is found in different countries such as China, Portugal, Bolivia, Austria, and Russia, with China having the biggest percentage of the world’s tungsten composition, covering an estimated 75%. This attribute makes it more available than the other precious metals, thereby reducing its cost.
3. Huge production
Most producers of Tungsten rings take advantage of economies of scale, where they produce the rings in huge numbers. This strategy increases the profitability of the whole process by reducing the initial costs which are easily shareable.
Moreover, this enables the manufacturers to reduce the burden on the customers by reducing the final costs. Most expensive rings such as diamond and gold rings are manufactured on demand, where more resources are paid to one piece, such as manpower, increasing the cost of the final product.
4. Made from tungsten carbide, an inferior metal
Tungsten carbide is the compound used to make tungsten rings. This compound is not as precious as gold and silver, and any additive compounds, which are added to make the rings more attractive such as nickel are not expensive either.
This attribute makes the final product relatively cheaper, despite its desirable characteristics. Tungsten is also a hard metal to work with, meaning the rings made from the material are not easily reshaped, in the case the ring outgrows the finger.
When purchasing tungsten wedding rings, customers should look beyond cost and should investigate more on the composition of the ring. Some manufacturers of tungsten use tungsten carbide compounded with cobalt, which makes the cost even cheaper, as opposed to nickel as a binder. This cobalt bound tungsten should be avoided since it has negative effects such as skin irritations and the possibility of decoloring.