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Image courtesy of the Goldsmiths Company Assay Office

Gold pieces slump 20.6% in bleak October hallmarking results

The number of gold items hallmarked fell 20.6% to 489,924 articles – from 617,421 in the same month last year – as hallmarking recorded a gloomy month in October.

Latest figures released from the four UK assay offices, and compiled by the Birmingham Assay Office, found overall hallmarking during the month fell 17.1% from 1,186,648 in October 2015 to 983,327.

The high-value category of gold saw 9-carat articles fall 22.4% from 461,695 hallmarked pieces last year to 358,228, while the number of 14ct and 18ct gold articles hallmarked fell 28.2% and 12.8%, respectively.

Meanwhile, the number of silver hallmarked items fell 13.9% from 536,536 last year to 462,212, while platinum (4.1%) and palladium (6.5%) also reported a decrease in the number of hallmarked articles.

Month Month Variance %
Oct-15 Oct-16
999 Gold 175 55 -120 -68.6
990 17 10 -7 -41.2
916 47,069 38,796 -8,273 -17.6
750 97,382 84,880 -12,502 -12.8
585 11,083 7,955 -3,128 -28.2
375 461,695 358,228 -103,467 -22.4
617,421 489,924 -127,497 -20.6
999 Silver 1,553 943 -610 -39.3
958 1,528 2,231 703 46.0
925 533,416 459,037 -74,379 -13.9
800 39 1 -38 -97.4
536,536 462,212 -74,324 -13.9
               
999 Platinum 3 1 -2 -66.4
950 25,570 24,529 -1,041 -4.1
900 41 23 -18 -43.9
850 12 31 19 158.3
25,626 24,584 -1,042 -4.1
999 Palladium 572 0 -572 -100.0
950 5,593 5,693 100 1.8
500 900 914 14 1.6
7,065 6,607 -458 -6.5
Totals 1,186,648 983,327 -203,321 -17.1

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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