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Hallmarking Requirements -The Decline Continues...

22 May 2012

UK Hallmarking Figures and Trends

January to March 2012 / Quarterly Hallmarking Figures

Due to high precious metal prices and a fall in consumer spending once again, the decline in the total number of units requiring Hallmarking  across all four UK Assay Offices has declined. In the quarter ending 31st March 2012 there was a total reduction of 27.4% this represents a drop of 764,475 units.

Sterling silver bore the brunt of the decline - down 35.9%; a reduction of 588,436 units in the quarter.

Gold articles fared better than silver with a reduction of 16.6%

Platinum saw a small increase of 1.6% and palladium was 3.6% down.

(Work dealt with by the Assay Offices of Great Britain, for the Quarter January to March 2012)

SILVER

 

800

925

958

999

Total

Number of Articles

238

357.7%

1,043,873

-36.1%

1,198

-42.9%

4,199

66.4%

1,049,508

-35.9%

Weight Silver (g)

4

300%

15,605

-39.9%

59

46.4%

1872

923%

17,540

-33.2%

 

GOLD

 

375

9 carat

585

14 carat

750

18 carat

916

22 carat

990

999

Total

Number of

Articles

614,977

-15.6%

16,585

-71.3%

168,561

-13.2%

85,826

5.6%

7

-73.1%

355

63.6%

886,311

-16.6%

Weight Gold (g)

2,801,885

-55.9%

109,400

-55.9%

1,238,885

-8.1%

736,515

0.5%

55

-92.3%

15,338

96.01%

4,902,078

-8.6%

  

PLATINUM

 

850

900

950

999

Total

Number of Articles

5

75%

19

35.7%

62,605

1.7%

37

-43.9%

62,666

1.6%

Weight Platinum (g)

89

-68.7%

139

1.5%

512,910

1.5%

314

-26.3%

513,452

1.5%

  

PALLADIUM

 

500

950

999

Total

Number of Articles

2,289

76.9%

27,996

-5.4%

2

-99.6%

30,287

-3.6%

Weight Palladium (g)

8,770

81%

184,902

-7.5%

5161

-69.2%

198,833

-10.2%

 The UK Hallmarking figures are one of the most reliable indicators as to trends in the trade.

 

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