Economy

Hallmarking back on the rise but down Q3

Hallmarking figures resumed their upward trajectory in September after two consecutive monthly falls, but total hallmarking for Q3 is down.

This is according to data released today by the UK’s four assay offices, and compiled by the Birmingham Assay Office, which found that during September there were a total of 1,007,885 items hallmarked compared with 957,509 during the same month last year – up 5.3%.

The total number of gold items hallmarked was up 5.6% from 494,031 in September last year to 521,456, an increase of 27,425 items.

Silver and platinum also reported growth, up 5% and 10.6% respectively. Meanwhile, palladium was the only metal to report a decrease, down 11.3%.

Despite the September increases, hallmarking for the third quarter of the year was down when compared with the same period in 2014. Platinum was the only metal to report growth with a 4.8% increase in articles hallmarked.

Gold articles hallmarked during the period was down 3.4%, while silver and palladium hallmarking was down 7.9% and 3%, respectively.

In total, hallmarking in the third quarter of the year was down by 140,286 items or 5.3%.

Hallmarking figures for September:

Month Month Variance %
Sep-14 Sep-15
Gold
999 30 23 -7 -23.3
990 20 0 -20 100.0
916 46,156 49,620 3,464 7.5
750 76,781 84,128 7,347 9.6
585 10,491 11,520 1,029 9.8
375 360,553 376,165 15,612 4.3
494,031 521,456 27,425 5.6
Silver
999 1,503 945 -558 -37.1
958 1,029 1,062 33 3.2
925 431,087 453,343 22,256 5.2
800 228 37 -191 -83.8
433,847 455,387 21,540 5.0
Platinum
999 1 0 -1 100.0
950 21,719 23,995 2,276 10.5
900 9 43 34 377.8
850 20 10 -10 -50.0
21,749 24,048 2,299 10.6
Palladium
999 0 0 0 0.0
950 6,571 5372 -1,199 -18.2
500 1,311 1622 311 23.7
7,882 6994 -888 -11.3
957,509 1,007,885 50,376 5.3

Hallmarking figures for Q3

Quarter Quarter Variance %
Sep-14 Sep-15
Gold
999 106 63 -43 -40.6
990 20 0 -20 -100.0
916 127,650 135,254 7,604 6.0
750 220,775 221,424 649 0.3
585 25,870 23,461 -2,409 -9.3
375 896,549 847,416 -49,133 -5.5
1,270,970 1,227,618 -43,352 -3.4
Silver
999 6,320 5,359 -961 -15.2
958 2,416 2,939 523 21.6
925 1,255,193 1,151,712 -103,481 -8.2
800 229 4,791 4,562 1992.1
1,264,158 1,164,801 -99,357 -7.9
Platinum
999 1 12 11 100.0
950 65,156 68,233 3,077 4.7
900 58 52 -6 -10.3
850 27 88 61 225.9
65,242 68,385 3,143 4.8
Palladium
999 0 2 2 100.0
950 20,191 18966 -1,225 -6.1
500 3,742 4245 503 13.4
23,933      23,213 -720 -3.0
2,624,303 2,484,017 -140,286 -5.3

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