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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 |