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All told, Thomson Reuters GFMS is predicting at least a 700,000-ounce physical platinum deficit this year. It projects that platinum will pass $1,700 per ounce by the end of 2014, a 18% increase from today's price.
It really depends on what metal you choose and how big (wide, thick) it is. The more metal used the more expensive it is. Platinum is going to cost the most. You can get a small, simple titanium ring at Walmart for less than $50. Higher quality titanium at a jewelry store will cost a few hundred dollars. A really big, thick platinum ring can actually cost a couple thousand dollars at a fine jewelry store. it depends on if it's white gold, silver, titanium, platinum, etc... my husbands ring is titanium and back when we bought it from JB Robinson in 2002, it was around $500.