
Thought I would post about a recent trend regarding wedding rings and wedding bands.
The great majority of engaged U.S. couples are interested in a white metal for their wedding rings. For the last decade most have went with white gold, or platinum if they could afford it. A platinum wedding band, until just the past couple years, was about double the price of a white gold wedding band. But now with the price of platinum going through the roof at over $2050 per ounce, a platinum wedding band will run you about 4.5 - 5 times the price of the same ring in white gold. This pushes the price of a mens platinum wedding band in the range $2,000 and higher.
Several of the better designers and manufacturers of mens wedding bands saw this coming a couple years ago. Scott Kay, Tacori, Novell, and others have devoted considerable resources to developing manufacturing techniques to use palladium as the "new white metal".
What is palladium? Palladium is a rare, naturally silvery white metal, with the chemical abbreviation of Pd. It is considered a precious metal, as of July 3, 2008 an ounce of .9999 palladium listed for $462 on www.goldline.com.
The metal was discovered in 1803 by William Hyde Wollaston, who named it palladium after the asteroid Pallas. The asteroid, in turn, was named for a Greek Goddess of Wisdom.
Palladium is often found where platinum is found and is considered part of the platinum metals group.
Benifits of platinum for the jewelry maker are that it resists tarnish, and is extremely ductile, meaning that it takes readily to working. When palladium is cold worked, the tensile strength greatly increases. Palladium also resists chemical corrosion.
For many years palladium has often been used as an alloy in the production of white gold jewelry and findings. Typically, white gold is alloyed with nickel, but if it is alloyed with palladium the resulting color is much "whiter".
Manufacturing palladium jewelry presents a different set of challenges for the manufacturer. For this reason the vast majority of jewelry manufacturers do not cast palladium. What I have always found interesting,however, is that palladium rings manufacturered in Europe from the 1930's and 1940's are occasionally seen. So there were some very fine jewelers over half a century ago who were also excellent metallurgists.
As time goes on, I think we'll see more and more jewelers and manufacturers offering palladium, even featuring palladium as the white precious metal of choice for their palladium rings.
JR Yates





