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 |
