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ANSWER: 1920S PLATINON
There is a wonderful deco necklace with 1 inch beads that appear to be vulcanite since 2 of them are losing their finish and they have that smell. The clasp ring is signed PLATINON, all I can find is that this is the word platinon means platinum, and a few people who have some 1920’s jewelry for sale that state this is meant to resemble platinum.  The necklace is 48 inches long and has wonderful deco stations in between the beads as you will see in the photos so I believe that it is from 1920’s that would fit the time frame she told me her grandmother had the jewelry.  
Kim Paff
"I would agree with the 20's on the necklace. Platinon is probably like trifarium, a term for the metal plating." --Lilly Vittetow, 09/07/08
"What interesting finds! Just to make a slight correction, Trifari's special material was Trifanium (not Trifarium) and it was not a surface treatment, it was an alloy which could be plated in silver or gold finishes. I don't believe it was patented, merely a copyrighted name." --Tracy Green, 09/07/08
"Platinon is confusing. It is an alloy of nickel produced as the 'reputable platinum imitation' by John Wall of Birmingham and Hatton Garden. He was an exhibitor at the British Trade fairs of 1922 and 1929 http://www.gracesguide.co.uk/wiki/John_Wall#_note-0 There is also a different Platinion which is a metal in the family of platinum and valuable. Sellers sometimes confuse the two. 20's platinon is a base metal subsitute, not a precious metsl (though pieaces are well made and often very pretty) Chris Donovan" --Chris Donovan, 10/08/10
"its just metal with a little nickle in it to keep from tarnish, it is not in any way platinum." --Susan, 03/21/14
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