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Image courtesy of the The Goldsmiths' Company Assay Office

Hallmarking falls sharply in December amid weak full-year results

The total number of hallmarked items nose-dived in December by 15.7%, a decrease of 145,007 pieces when compared with December 2015.

Figures released by the four UK assay offices – compiled by the Birmingham Assay Office – found there was a total of 781,200 articles hallmarked during the month, down from the 926,207 items recorded in the previous December.

The high-value category of gold recorded the sharpest fall in hallmarking, down 20.7% from 436,453 items to 346,060. Both 9-carat and 18-carat reported large falls of 22.8% and 18.6%, respectively.

The number of silver and platinum pieces hallmarked fell 11.5% and 11.2% respectively, while palladium was the only precious metal not to record a decline as the number of hallmarked items grew 16%.

The assay offices also released hallmarking data for the entirety 2016, which saw a 7.1% decrease in hallmarked pieces from 10,495,355 in 2015 to 9,748,033 in 2016 – 747,322 less pieces.

Gold particularly suffered throughout the year as the number of 9-carat pieces hallmarked fell 6% and 18-carat items fell 3.8%.

Hallmarking figures for December:

Month Month Variance %
Dec-15 Dec-16
Gold
999 27 71 44 163.0
990 29 1 -28 0.0
916 29,500 26,512 -2,988 -10.1
750 77,514 63,134 -14,380 -18.6
585 8,928 9,064 136 1.5
375 320,455 247,278 -73,177 -22.8
436,453 346,060 -90,393 -20.7
Silver
999 758 627 -131 -17.3
958 1,210 1,024 -186 -15.4
925 458,901 406,206 -52,695 -11.5
800 58 4 -54 -93.1
460,927 407,861 -53,066 -11.5
Platinum
999 1 60 59 100.0
950 22,636 20,028 -2,608 -11.5
900 1 10 9 900.0
850 3 4 1 33.3
22,641 20,102 -2,539 -11.2
Palladium
999 0 0 0 0.0
950 5,741 6,578 837 14.6
500 445 599 154 34.6
6,186 7,177 991 16.0
Totals 926,207 781,200 -145,007 -15.7

Hallmarking figures for full-year 2016:

Ytd Ytd Variance %
Dec-15 Dec-16
Gold
999 784 821 37 4.7
990 132 117 -15 -11.4
916 512,270 447,830 -64,440 -12.6
750 896,952 862,509 -34,443 -3.8
585 97,618 106,272 8,654 8.9
375 3,642,448 3,425,213 -217,235 -6.0
5,150,204 4,842,762 -307,442 -6.0
Silver
999 18,703 21,969 3,266 17.5
958 14,728 15,491 763 5.2
925 4,927,677 4,479,514 -448,163 -9.1
800 5,487 825 -4,662 -85.0
4,966,595 4,517,799 -448,796 -9.0
Platinum
999 42 103 61 145.2
950 279,437 287,997 8,560 3.1
900 253 195 -58 -22.9
850 156 138 -18 -11.5
279,888 288,433 8,545 3.1
Palladium
999 575 5 -570 -99.1
950 82,235 84,650 2,415 2.9
500 15,858 14,384 -1,474 -9.3
98,668 99,039 371 0.4
Totals 10,495,355 9,748,033 -747,322 -7.1

About Tom Davis

Tom Davis
A graduate from Staffordshire University with a degree in Journalism and Media Studies, Tom is currently living his magazine-writing dream. In his spare time, Tom enjoys photography and is a keen cyclist. Please do drop him an email for any potential new story ideas.

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