5.2% upswing for hallmarking in November

londonassayoffice_hallmarking.jpg

Falling gold price linked to 7.2% increase in gold assaying.

The latest hallmarking figures for November 2013, as compiled by the Birmingham Assay Office (BAO), reveal a positive upswing across all precious metals, with total hallmarking up 5.1% compared to November 2012.

The BAO described this month’s figures as "promising", with the number of gold articles assayed up for the fourth consecutive month, thought to be indicative of the falling gold price and the resulting positive impact on jewellers using the metal.

The total number of gold articles hallmarked increased by 7.2% with uplifts across all carat standards, with silver also up 2.7%, and sterling silver hallmarking growing 2.6%.

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Platinum and palladium also showing increases of 20.3% and 18.5% respectively, with 950 platinum hallmarking increasing 20.3% year on year, and palladium 950 showing growth of 6.2%.

The facts and figures: UK hallmarking in November 2013 vs November 2012

Gold
24ct (999) – up 3757.1% (270 items)
24ct (990) – up 100% (18 items)
22ct (916) – up 18.4% (31,063 items)
18ct (750) – up 12.8% (103,821 items)
14ct (585) – up 0.4% (8,528 items)
9ct (375) – up 5.2% (400,828 items)
Total gold items – up 7.2% (544,528 items)

Silver
Fine silver (999) – down 21.8% (2,331 items)
Britannia silver (958) – up 280.3% (2,031 items)
Sterling silver (925) – up 2.6% (623,179 items)
800 parts silver – down 83.3% (3 items)
Total silver items – up 2.7% (627,544 items)

Platinum
999 parts – up 100% (1 items)
950 parts – up 20.3% (22,962 items)
900 parts – up 9.1% (12 items)
850 parts – down 40% (3 items)
Total platinum items – up 20.3% (22,978 items)

Palladium
999 parts – down 100% (0 items)
950 parts – up 6.2% (6,357 items)
500 parts – up 151.2% (1,447 items)
Total palladium items – up 18.5% (7,804 items)

Total items hallmarked – up 5.1% (1,202,854 items)
 

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