A 925 silver ring will cost you anywhere between $50 USD to $500+ USD depending on the design including any set stones, or gold plating.
There are several factors you need to consider when determining how much a 925 silver ring will cost you. These include the current price of silver, the amount of silver used, gemstones, and labor for making the ring.
Silver price and Silver weight
A typical woman’s ring weighs between 5 to 6 grams. Stirling silver or 925 silver has a silver content of 92.5%. The weight of silver will obviously have a lot to do with how much the ring costs as you need to consider the silver spot price (link) to how many grams of silver you are buying for your ring.
At the time of writing, the price of silver is $0.62 USD per gram – click here to see today’s silver spot price.
You may quickly reach for the calculator and think – why aren’t silver rings dirt-cheap? There is only approximately $3 USD worth of silver in a 5-gram ring – but remember this is the material cost of the ring at scrap silver value.
Labor to manufacture a ring will add to the cost. This cost is generally between $100 to $500 USD, depending on the design, and includes the processing of the ring from mould cast to polished and ready to wear.
Gemstones will also have a very significant impact on the cost of the ring. For example, sapphires and diamonds will make the silver ring very expensive!
However, the simplest way to answer this question is to look at the ring setting only.
Is 925 silver ring expensive?
Here is an example – a stunning 925 silver ring setting that weighs 5 grams.
The cost is calculated by 5 (grams) x 92.5% (silver content) x silver price per gram ($0.62 USD) + Labour = $3 + $100 to $500.
So in this example, a silver ring setting or band will cost between $100 to $500 USD. You are essentially paying for the labor and manufacture, not so much for the silver value.
Which aligns to retail price search for a 925 silver band at Nordstrom ($150 USD)