Coronavirus

Hallmarking plummets 75% in May as lockdown impact is revealed

The impact of the coronavirus on UK hallmarking has been made clear to see thanks to the latest figures from the Birmingham Assay office, with the total number of pieces hallmarked during the month down by 75%.

The number of gold and silver pieces hallmarked in May 2020 decreased by 83.1% and 67.3% respectively.

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Gold hallmarked pieces decreased from 298,645 to 50,464 and silver items decreased from 308,620 to 101,064 during the month.

Additionally, palladium decreased by 80.7% to 536 items hallmarked during the period. Platinum hallmarking also decreased by 74% to 7,235.

Overall hallmarking in May decreased from 637,895 to 159,299 pieces.

May-19 May 20 Variance %
Gold
999 16 50 34 212.5
990 4 0 -4 -100
916 34,780 1,036 -33,744 -97
750 66,336 10,135 -56,201 -84.7
585 15,176 1,191 -13,985 -92.2
375 182,333 38,052 -144,281 -79.1
298,645 50,464 -248,181 -83.1
Silver
999 1,179 1,365 186 15.8
958 2,805 165 -2,640 94.1
925 304,547 99,522 -205,025 -67.3
800 89 12 -77 -86.5
308,620 101,064 -207,556 -67.3
Platinum
999 19 0 -19 -100
950 27,662 7,234 -20,428 -73.8
900 90 1 -89 -98.9
850 76 0 -76 -100
27,847 7,235 -20,612 -74
Palladium
999 362 0 -362 -100
950 1,279 114 -1,165 -91.1
500 1,142 422 -720 -63
2,783 536 -2,247 -80.7
Totals 637,895 159,299 -478,596 -75

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