Palladium is a new metal in the market arena compared to gold and platinum. It was discovered in 1802 by William Hyde Wollaston, who also named in palladium after the asteroid Pallas. Wollaston found palladium in crude platinum ore from South America.
Palladium by itself has been used as a precious metal in jewelry since 1939, as an alternative to platinum for making white gold. This use resulted from the naturally white color of palladium, which required no rhodium plating. Palladium is much lighter than platinum in proportion. Like gold, palladium can be beaten thin. Unlike platinum, palladium may discolor upon heating to above 400 C (752 F).
Palladium is one of the three most popular metals used to make white gold alloys, the other two being nickel and silver. Palladium-gold is a more expensive alloy than nickel-gold, but seldom causes allergic reactions the way nickel-gold can.