In this study, Ag-9Pd alloy is introduced as a suitable alloy with a high luminosity for the ring production process. Initially, due to the high price of it, the amount of palladium required to achieve 100 grams of Ag-9Pd (Silvadium) alloy was calculated by the HSC Chemistry 5 software. In order to verify the calculations results, the alloy developed by coagulation casting and rapid solidification was assessed by ICP. As a result, the evaluation indicated great calculations precision. Also, the microstructure, hardness, and luminosity of the produced alloy were compared with both pure silver and Ag-4Pd alloy. The results of microscopic images depicted that Ag-9Pd alloy had smaller dendritic spaces, more homogeneous structures, as well as no defects. Raising the volume fraction of zinc-enriched PdCu and nickel-based precipitates increased the hardness based on the Orvan mechanism. Therefore, as the amount of Pd rises, the luminosity and luminosity life span of the alloy increased due to the improvement in oxidation resistance.