So, I am baffled at the idea of owning something like a beautiful and historic tiara that is not kept in good repair. Bent tiaras like the Spanish Aquamarine Tiara or the French Sapphire Tiara drive me nuts. And don't even get me started on missing stones. I have a large diamond brooch that I inherited - it was missing a stone and it cost next to nothing to repair it! And It took a day to fix too!
All depends on the weight and what the metal prices are at the time.#
It used to be that Platinum was 10x more exepnsive than Gold but ever since the recession the price is pretty much the same.
Platinum would be a better option for a tiara (or any jewellery tbh) as it is more durable.
Then you have to factor in the craftsmanship, it's not difficult to find someone who could make a tiara but whether they do it justice is another thing. And an expensive bench jeweller is not necessarily a good one.
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