You may have seen in the market and news that the cost or price of the palladium has been regularly going up in the recent few years, and even more so in the last recent weeks. We notion this would be aperfect time to tell you a more about the metal, why this rice in price or cost is essential and what it means for the jewellery.
1) Palladium is a beautiful bright white metal which shares the many option and characteristics, includes the colour with platinum. Suppose you want to same the crisp while colour in the white gold, it would have to be rhodium with some different times in its lifetime. But of course, since the palladium is this the colour all the way through, the fantastic bright hue would not change.
2) It is valued for its resistance to scratching, strength and its lightweight. A palladium, wedding or engagement ring will weigh 40% less than an identical ring in platinum, which means it is fantastic for large men’s wedding earrings and rings which would be potentially and heavier more unique and uncomfortable for some people it made in platinum.
3) The name for the palladium, which is come from the Grecian goddess ‘Pallas Athena’ and some traditional fineness symbol that can be a form or part of the hallmark shows her helm her wearing. Many customers or people love this idea of having the goddess of war represented and wisdom in their jewellery, offering counsel and strength when it is much needed.
4) The hallmark or trade for the palladium was introduced back in the year 2010, although many jewellers were scared to work with the palladium and metal because they have not used it recently. As a research or result, even presently it does not get seen as regularly on the high street as white platinum or gold. We have been working with the gold and platinum from many years and have designed and developed lots of expertise with the metal.
5) For those who have sensitive skin, the palladium is hypoallergenic and should not cause little bit irritation. We have heard the reviews and reports that some client or people who are allergic to nickel may also be susceptible to palladium. However, we have not experienced or faced any issues and cases of this with our clients. We have found that any feedback and reaction has come from the liquid soap trapped behind the necklace and ring and not the ring itself.
6) It is predominantly mined in Russia and South Africa and is commonly used in the automotive market or industry, with more than 80% going towards the manufacture of the catalytic converters.
7) Basically. the palladium is mined as a product of nickel and platinum, which make it a fantastic ethical alternative as no new mining take place.
8) When the trade or hallmark for the palladium was first introduced, it was less expensive than it is now. The cost or price of palladium has skyrocketed by almost 400 percent since 2016 and is twice the cost of old and more than twice the cost of platinum. One of the most common reasons for this is the enhanced demand for palladium by the industry. More and more client or peoples are making the switch over the petrol care which use for the palladium for the catalytic convertors, compared to diesel care which is used in the platinum. There have been past cases of the care being stolen toharvest the palladium in their converters!