Hallmarking slump narrows to 1.8% in March
The four UK Assay Offices are based in Birmingham, Sheffield, London and Edinburgh
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The total number of items hallmarked by the four UK Assay Offices saw a modest decline of 1.8% in March compared with 16.8% in February.
In total 5,36,442 pieces of jewellery were hallmarked in March 2025 compared with 5,46,530 in 2024, a decline of 10,088.
Gold hallmarking was up 5.2% from 2,59,802 pieces hallmarked to 2,73,389. Only gold 999 and 990 saw a 47.6% and 75.0% decrease in hallmarking numbers, while gold 585 saw a 15.1% increase compared with last year.
Meanwhile, the total number of silver pieces hallmarked saw a decline of 10.3% from 2,57,861 down to 2,31,273.
Silver 800 recorded the biggest decrease of 50% followed by silver 958 (28.9%), 999 (20.8%) and 925 (10.2%).
Additionally, platinum saw an increase in hallmarking of 9.9% from 28,186 to 30,989, while the total number of palladium pieces hallmarked also increased 16.2% from 681 to 791.
The four UK Assay Offices are based in Birmingham, Sheffield, London and Edinburgh.
