Economy

Hallmarking down 9.1% in January

The total number of hallmarked items fell 9.1% in January, a decrease of 67,252 articles when compared with January 2015.

That is according to latest figures released today by the four UK assay offices, and compiled by the Birmingham Assay Office, which found during the month there was a total of 675,073 articles hallmarked compared with 742,325 in January last year.

The total number of gold articles hallmarked was also down 9.1%, with 18-carat and 9-carat gold items reporting the largest declines at 16.2% and 13%, respectively. Despite this, 22-carat gold saw an increase of 19.6% to 39,081 articles hallmarked.

Silver reported a decline of 9% as the number of hallmarked silver items fell by 33,511, while palladium recorded the steepest decline in the number of articles hallmarked, down 32.4%.

Meanwhile, platinum was the only metal to report an increase in the number of articles hallmarked – up from 21,156 in January last year to 21,830, an increase of 3.2%.

Month Month Variance %
Jan-15 Jan-16
Gold
999 146 7 -139 -95.2
990 0 0 0 0.0
916 32,686 39,081 6,395 19.6
750 59,752 50,061 -9,691 -16.2
585 4,068 8,062 3,994 98.2
375 242,228 210,738 -31,490 -13.0
338,880 307,949 -30,931 -9.1
Silver
999 824 959 135 16.4
958 1,249 1,003 -246 -19.7
925 369,426 336,004 -33,422 -9.0
800 35 57 22 62.9
371,534 338,023 -33,511 -9.0
Platinum
999 0 0 0 0.0
950 21,154 21,827 673 3.2
900 0 2 2 100.0
850 2 1 -1 -50.0
21,156 21,830 674 3.2
Palladium
999 1 0 -1 -100.0
950 8,630 5953 -2,677 -31.0
500 2,124 1318 -806 -37.9
10,755 7271 -3,484 -32.4
742,325 675,073 -67,252 -9.1

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