One of the team here were asking me the other day why the commodity price of palladium isn't going up very fast because now that it has a hallmark here in the UK, she was expecting the price to go up more quickly. Now I'm no expert on these things but I would say that this wouldn't be a sudden shoot up in price scenario but rather that this will gradually have an impact on the commodities price but that this will be slow. For a start, the UK is only a small part of the jewellery market and also palladium has many other uses than jewellery. However, the UK does have a big influence on jewellery fashion further than its own shores and I am sure that jewellery use of palladium will rise and that this will affect the price. We are certainly making a large number of bespoke palladium wedding rings and bespoke palladium engagement rings now - and even a few bespoke palladium eternity rings.
It is interesting to see here that the palladium price has gone up quite a bit recently overall. Here is the one for platinum so that you can compare.
I was reading on http://en.wikipedia.org/wiki/Palladium the other day about the other uses of palladium. Apparently the largest use of palladium today is in catalytic converters. It is also used for watch making, dentistry, aircraft spark plugs, surgical instruments, electric contacts and even to make flutes!
See you soon
Harriet
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