Coronavirus

Hallmarking falls by 35% as coronavirus impact hits

The extent to which the coronavirus outbreak has impacted UK hallmarking has been revealed as the latest figures show both the number of gold and silver pieces hallmarked during March fell by over 30% each.

The number of gold and silver pieces hallmarked in March 2020 decreased by 32.3% and 39.1% respectively, according to figures compiled by the Birmingham Assay Office.

Gold hallmarked pieces decreased from 334,709 to 226,460 and silver items decreased from 325,093 to 1977,926 during the month.

Additionally, palladium decreased by 80.9% to 660 items hallmarked during the period. Platinum hallmarking also decreased by 14.5% to 23,537.

Overall hallmarking in March decreased by 35.1 % from 690,784 to 448,583 pieces.

Mar-19 Mar 20 Variance %
Gold
999 367 135 -232 -63.2
990 1 1 0 0
916 37,561 20,464 -17,097 -45.5
750 68,158 46,413 -21,745 -31.9
585 16,294 7,999 -8,295 -50.9
375 212,328 151,448 -60,880 -28.7
334,709 226,460 -108,249 -32.3
Silver
999 1,388 965 -423 -30.5
958 550 1,850 1,300 236.4
925 323,142 195,106 -128,036 -39.6
800 13 5 -8 -61.5
325,093 197,926 -127,167 -39.1
Platinum
999 1 0 -1 -100
950 27,462 23,479 -3,983 -14.5
900 50 49 -1 -2
850 11 9 -2 -18.2
27,524 23,537 -3,987 -14.5
Palladium
999 1 0 -1 -100
950 2,780 433 -2,347 -84.4
500 677 227 -450 -66.5
3,458 660 -2,798 -80.9
Totals 690,784 448,583 -242,201 -35.1

 

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