The stability of most surface-tension-driven interfacial flow simulations is governed by the capillary time-step constraint. This concerns particularly small-scale flows and, more generally, highly-resolved liquid-gas simulations with moderate inertia. To date, the majority of interfacial-flow simulations are performed using an explicit surface-tension treatment, which restrains the performance of such simulations. Recently, an implicit treatment of surface tension able to breach the capillary time-step constraint using the volume-of-fluid (VOF) method was proposed, based on a fully-coupled pressure-based finite-volume algorithm. To this end, the interface-advection equation is incorporated implicitly into the linear flow solver, resulting in a tight coupling between all implicit solution variables (colour function, pressure, velocity). However, this algorithm is limited to uniform density and viscosity fields. Here, we present a fully-coupled algorithm for interfacial flows with implicit surface tension applicable to interfacial flows with large density and viscosity ratios. This is achieved by solving the continuity and momentum equations in conservative form, whereby the density is treated implicitly with respect to the colour function, and the advection term of the interface-advection equation is discretised using the THINC/QQ algebraic VOF scheme, yielding a consistent discretisation of the advective terms. This new algorithm is tested by considering representative surface-tension-dominated interfacial flows, including the Laplace equilibrium of a stationary droplet and the three-dimensional Rayleigh-Plateau instability of a liquid filament. The presented results demonstrate that interfacial flows with large density and viscosity ratios can be simulated and energy conservation is ensured, even with a time step larger than the capillary time-step constraint, provided that other time-step restrictions are satisfied.