Gold, silver, or diamonds. These are the first things that come to mind when asked to think about the most expensive metals in the world. Then, you better guess once more.
The most valuable and rare precious materials lie somewhere in the middle of the list. Their abundance determines the worth of metals. Precious metals, of course, increase in value as they become less 'available.'
In this article, we carefully examined each precious material to determine which is the most expensive and which is not. However, the price of these precious materials can change over time.
All precious materials are one of the most abundant and valuable things you can imagine. However, some metals can have a greater amount due to colors, such as Red Diamonds.
Red Diamonds are the most valuable and abundant metals in the world - making their price go higher than 1,000,000 US dollars per carat. Red Diamonds only exist in Africa, Australia, and Brazil.
Ruby is widely known for having high quality and exceptional color, making it one of the rarest gemstones. Ruby gemstones range from about 1,000,000 US dollars and can only be found in Burma.
Pink diamonds account for less than 1% of the Argyle mine's output, making them the rarest of the rare. The value of Pink diamonds can go more than 700,000 US dollars per carat, and still occasionally found in Brazil.
Emeralds are 20 times rarer than diamonds, making them more valuable than any precious metals. The value of emeralds can start at the price of 100,000 US dollars and be located in Brazil.
A blue diamond is a legitimate, pure diamond with a visible blue tone caused by the inclusion of boron in the carbon structure of the diamond. However, finding blue diamonds is extremely hard, even if you go to Australia and India, where it was usually found.
Moreover, a light blue diamond of 26,280 can go up to 75,000 USD if the diamond has a deep and vivid blue color.
It was discovered in Russia's Ural Mountains in the 1830s, and people commonly found it in Sri Lanka, East Africa, and Brazil, but fine material is scarce and valuable. The value of Alexandrite starts at 70,000 US dollars per carat.
Musgravite is undoubtedly the world's rarest gemstone, but many assume many other gemstones overshadow it. Musgravite is commonly found in Southern Tanzania and starts at 35,000 US dollars per carat.
Red beryl, also known as bixbite, is one of the most abundant, attractive, and costly gemstones. Red beryl can only be found in Utah and Mexico, where the value starts at 20,000 US dollars per carat.
Grandidierite is a unique mineral that can locate from locations in metal-rich or icy Cosmic Ring Systems, such as Namibia, Malawi, and Sri Lanka, where the value starts at 20,000 US Dollars per carat.
Most diamonds are discovered in kimberlite pipes, and only a few pipes yield sufficient diamonds to make mining them worthwhile. Significant diamond reserves are so uncommon that many explorers have given up. The price of diamonds starts at 18,000 US dollars per carat.
Serendibite is still one of the world's ten rarest gems. Serendibite is a silicate mineral that is extremely rare but occasionally found in Sri Lanka and Myanmar, where the value starts at 18,000 US dollars per carat.
Rhodium is the most valuable non-radioactive metal. It occurs naturally in North and South American river sands, uncombined with other platinum metals. However, finding rhodium is extremely difficult, making its value go up to 13,540 USD per ounce.
When compared to other natural colors, fire opal stones are extremely rare. Fire opal with play is more common than this green opal stone. Fire Opal's value in the market starts at 10,000 US dollars per carat.
Tellurium drops by opportunity in Archwing missions when killing enemies; one of the best places to farm Tellurium is on Salacia. A carat of Tellurium starts at the value of 10,000 US dollars.
Benitoite is an extremely rare mineral found only in California at the Benito Gem Mine. The carat price of Benitoite starts at the value of 8,000 US dollars.
The Poudrette quarry is a world-class mineralogical rare gem, serving as the type locality for over 60 mineral species. The price starts at 6,000 US dollars per carat.
Iridium ore has become more frequent the deeper you go in the Desert's Skull Cavern. However, the price still remains high, starting from 2,550 US dollars per carat.
Taaffeite is a scarce mineral becoming more common in mudstones in Sri Lanka and southern Tanzania and lower-grade taaffeite in Chinese limestone sediments. Taaffeite can be sold at the price of 2,500 US dollars per carat.
Unlike many certified colored stones, Jeremejevite can be identified with the naked eye and basic gemological equipment. The price starts at 2,000 US dollars per carat of this precious stone.
Gold is most commonly found as a pure, native metal. Gold-bearing minerals include sylvanite and calaverite. In general, Gold holds a valuable selling price of 1,720 US dollars per ounce.
Palladium is a rare metal that often comes from remote locations. South Africa, Russia, and Ontario have the vastest deposits. 1 ounce of Palladium starts at the price of 1,853 US dollars.
Platinum is currently only offered in a few locations. South Africa and Canada's Sudbury Basin account for 80% of current global production. Platinum's price starts at 983 US Dollars per ounce.
Jadeite occurs in rocks developed under higher pressure than nephrite. Explorers commonly find jadeite in Myanmar, New Zealand, and Canada, where the pricing value starts at 410 US dollars per carat.
Osmium is a type of metal. People can't buy it on the Commodities Markets, so it has to be extracted from asteroids in metallic or metal-rich Planetary Ring Systems. However, the pricing starts at 400 US dollars per ounce.
Ruthenium is mainly encountered in ores with other platinum group metals in the Ural Mountains and North and South America. An ounce of Ruthenium starts at the price of 260 US Dollars.
Rhenium is a metallic element that is relatively uncommon and silvery-white in color. Explorers commonly find rhenium in platinum ores and the mineral columbite as a trace element. An ounce of Rhenium starts at the price of 250 US dollars.
Indium is found on planets orbiting blue stars and can be refined to produce purified Chromatic Metal for use in the manufacturing process of modern techniques. Due to this, a kilogram of Indium starts at 192.33 US dollars.
Gallium is a rare element found on Mars and Uranus, making it hard to obtain and find. As a result, the price of this component increased to 62 USD per ounce.
Silver can always be found anywhere in the world, but silver is commonly concentrated near volcanic and hydrothermal activity. However, the price remains high, about 21.27 US dollars per ounce.
Around 1500 AD, the Incas of South America used bismuth as an alloying metal in their bronze. Explorers cannot extract bismuth as an ore but instead appears to have occurred naturally. On the other hand, an ounce of bismuth starts at the price of 14 US dollars.
Determining which among the precious metals on the list are the most expensive is the most difficult thing to do, as their value can increase or decrease over time. Therefore, do your research carefully before investing in these precious metals.
Precious metals are an efficient and effective way to broaden a portfolio. The key to success with them is to understand your objectives and risk profile before diving in.