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A 15 carat ring is not pure gold as only 24 carat gold is pure. In terms of price, it depends on the craftsmanship, brand, ethics (sourcing), transport, whether stones are inset and other factors, including which metals it is alloyed with. If it is Mercury, for example, it is unlikely to be recognised as a gold ring due to the properties of the mercury. Related to this is the density of the metal with which it is allowed. If it's something light, affecting the density, the value is likely to be lower as people may not believe it is real gold.

The price, therefore, varies. Potentially it varies greatly. Some rings may cost hundreds of thousands of pounds just because they are so intricate (or because they're a rip-off), while others may cost just a few hundred even, all depending on the factors above.

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