Palladium metal – the new platinum?

We all know the big three in fine jewellery – gold, silver and platinum.

But now there’s a new kid in town. You’re going to be hearing a lot about this up and coming precious metal over the next few years.

The name?

Palladium

So what exactly is this metal, and why is has it caused so much excitement in the fine jewellery world?

Palladium  is a member of the platinum family, and just like platinum, it’s a white metal. Palladium doesn’t tarnish, is harder than gold/ silver, does not need over-plating (unlike white gold always which needs platinum and rhodium plating to give it that perfect finish) and it’ completely hypo-allergenic.

Palladium is also cheaper to buy in than platinum, and because it is less dense,  it is easier to work and experiment with;  it’s becoming an increasingly favoured choice for many of the worlds top fine jewellery designers.

It is also rarer than gold.

Now, can you begin to see why I’ve a feeling palladium might become the must have precious metal?

Since 2009 the Assay Offices in the United Kingdom have been hallmarking palladium over 1g on a voluntary basis.  As of the 1st of January this year (2010) it’s now compulsory to have all palladium over 1g hallmarked (in accordance with the UK Hallmarking Act 1973).  The finesse amounts are 500, 950, and 999.

You can find out more about Palladium, and how to identify it, by visiting the Birmingham Assay Office website.

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