The price of Platinum and Gold has sky rocketed and a cause for concern for both manufactures and retailers. Manufacturing items such as diamond engagement rings and wedding bands have become more expensive. Could Palladium be the new alternative? In fact it’s slowly on the rise as more and more customers are seeking an affordable price range. Palladium is 95% pure and is made up Ruthenium and Iridium, which are also platinum group metals.
Palladium is a Platinum group metal and comes with many advantages.
- It does not tarnish or lose whiteness when worn.
- Palladium does not need to be rhodium plated.
- Palladium is harder wearing.
As its a platinum group metal its makes the jewellery item hypo-allergenic. (none nickel based).
The colour of palladium is slightly darker than platinum making any set diamonds look more revealing.
Palladium is in the same price bracket as white gold but due to the price of gold rising Palladium should be less expensive.
Saving the best fact for last: Palladium is actually rarer than Gold and may hold a higher value in the future, especially if it becomes sought after over Gold due to trends in the buying market.