Economy

Hallmarking down from 2016

Hallmarking has shown a year-on-year decrease for the first quarter of 2017.

Figures released by the four UK assay offices, and compiled by the Birmingham Assay Office, showed that there was a total of 1,921,716 articles hallmarked in the first quarter of 2017, an 11.9% drop from 2016.

Comparing the months of March alone, 2017 saw an overall uptick of 4.3%.

Gold recorded the greatest fall of the first quarter, down 19% from the 1,093,951 articles hallmarked in the first quarter of 2016.

Silver recorded a fall of 5.6% from the 994,578 items hallmarked in 2016, whereas platinum logged a slight decrease of 0.2% on last year’s 71,417 hallmarked pieces.

Palladium was the only precious metal to see an increase in hallmarked articles for the first quarter, up 13% from the 22,413 articles hallmarked in 2016.

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