Economy

Surprise 12% jump in gold hallmarking in February

The number of gold jewellery articles hallmarked in February this year was up by 12% compared with the 2017, according to figures compiled by the Birmingham Assay Office.

The high-value category saw numbers increase from 280,283 to 313,532, an increase of over 33,000 articles, providing a boon for the jewellery industry after months of turbulence and falling volumes.

The average volume of silver pieces hallmarked rose considerably by 29.7% to 313,532 compared with 265,974 with 2017.  

Overall there was a a 19.4% rise in precious metal hallmarking to 688,220 up from 576,61 the previous year.   

Month Feb -17 Month Feb -18 Variance %
Gold
999 4 188 184 4600.0
990 0 0 0 0
916 31,349 31,956 607 1.9
750 53,671 55,613 1,942 3.6
585 4,802 11,229 6,427 133.8
375 190,457 214,546 24,0895 12.6.
280,283 313,532 33,249 11.9
Silver
999 2,408 2,165 -243 -10.1
950 902 1,274 372 41.2
900 262,662 341,224 78,562 29.9
850 2 182 180 9000.0
265,974 344,845 78,871 29.7
Platinum
999 1 9 8 800
950 23,201 22,417 -784 -3.4
900 7 18 11 157.1
850 0 2 2 100
23,209 22,446 -763 -3.3
Palladium
999 0 0 0 0
950 6,710 6,222 -486 -7.3
500 434 1,175 741 170.7
7,144 7,397 253 3.5
Totals 576,610 688,220 11,610 19.4

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