Luminous, Shining, Invaluable - the hour of Palladium?

In Greek mythology, Pallas was the partner of Athene, goddess of arts and the knowledge. In 1803, the celebre William Hyde Wollastone discovered the relation between Pallas & Palladium.

Palladium is a naturally white metal, parallel product drawn from mines of Platinum and Nickel, but such a present and simply extracted stagnant water of the mines in Montana at the USA.

The annual Palladium extraction corresponds to that of Platinum. Palladium knows, as Platinum, also much of various possibilities of application in industry.

 


The goldsmiths who constantly endeavour to be in advance over their time with regard to the luxury articles, discovered a new metal, an interesting alternative to the White gold: Palladium.

Platinum was reserved for exclusive creations. Consequently the marks of watches during a long time were actually frustrated, because compromises had to be accepted: the request of the consumers for white metal was traditionally to be satisfied by the White gold. An alloy which must be used with Rhodium to obtain an acceptable nuance is, for a concept of mark of luxury, completely absurd.

This is why the goldsmiths sought another alternative: palladium 950. In its refined state, Palladium would become too tender for the machining of the jewels, but the addition of 5% of other elements makes this metal resistant. An alloy with 95% is consequently ideal for the clothes industry of the jewels.

This process does not deteriorate in any manner the white color of metal. Without counting that Palladium, when it is polished, holds a natural brightness and does not require a Rhodium coating. Then as this material remains relatively light, the tendency becomes to create designs of big size.

All these characteristics make that Palladium becomes very gravitational for the creators of jewels. Thus the consequence is although Palladium is a noble metal and autonomous - and in Switzerland supplied with a punch, PD 950.

Only in the last years, of the marks like Cartier, Parmigiani, Ulysses Nardin and Chopard used Palladiun. Other marks will certainly follow.

Platinum and Palladium - the difference in price

There, the interest of the creators of jewels and watches for Palladium awoke, because of the relation associated at low prices.
It is interesting to compare the courses of Palladium and Platinum during the 10 last years. The dramatic fluctuations of Palladium require an explanation however.

Until the middle of the Nineties, Palladium was in sufficient quantity and it was treated at a price definitely lower than that of Platinum. At the end of the decade, the demand for Palladium increased because mainly of the regulation on the carbohydrates. Palladium is particularly appropriate to the realization of catalysts for the reduction of the carbohydrates rejected into the atmosphere. In parallel, the interruption of the delivery by the Russian suppliers, caused large concern with the car industry. One started moreover to regularly order Palladium to constitute stocks of them. That led, by the market demand and its success, at prices records.

At at the end of 2000, the diagram of provisioning had dramatically changed. The car industry undertook to take deep measures of economies by using the technique of the condenser which does without the noble metal and thus, that allowed in a less proportion, not to remain depend on Palladium. Meanwhile, Russian tried to sell the surplus Palladium which they had stored, to benefit from the high prices in spite of the weak market demand. In parallel, by a large work of persuasion on the reasons of the sales and by the publication of a strategic inventory, they broke the prices up to $ 160 the pure ounce.