Economy

Hallmarking down over 40% in June as Covid impact continues

The impact of the coronavirus on UK hallmarking has continued in the month of June with the total number of pieces hallmarked during the month down by 45%.

The number of gold and silver pieces hallmarked in May 2020 decreased by49.4% and 40.3% respectively.

Gold hallmarked pieces decreased from 263,881 to 133,589 and silver items decreased from 297,156 to 177500 during the month.

Additionally, palladium decreased by 89.2% to 377 items hallmarked during the period. Platinum hallmarking also decreased by 51.9% to 12,501.

Overall hallmarking in June decreased from 590,510to 323,967 pieces.

Jun 19 Jun 20 Variance %
Gold
999 246 29 -217 -88.2
990 0 0 0 0
916 32,248 3,814 -28,434 -88.2
750 61,117 25,030 -36,147 -59.1
585 11,791 9,836 -1,955 -16.6
375 158,419 94,880 -63,539 -40.1
263,881 133,589 -130,292 -49.4
Silver
999 1,264 1,148 -116 -9.2
958 3,662 201 -3,461 -94.5
925 292,206 176,150 -116,056 -39.7
800 24 1 -23 -96.8
297,156 177,500 -119,656 -40.3
Platinum
999 7 -7 -100
950 25,927 12,497 -13,430 -51.8
900 37 1 -36 -97.3
850 8 3 -5 -62.5
25,979 12,501 -13,478 -51.9
Palladium
999 1 0 -1 -100
950 2,230 322 -1,908 -85.6
500 1,265 55 -1,208 95.6
1,263 55 -1,208 -95.6
3,494 377 -3,117 -89.2
Totals 590,510 323,967 -266,543 -45.1

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