9ct still glowing as April hallmarking climbs 20%

gold-jewellery-shoppers.jpg

Lower fineness metals have growing appeal as PGM metals decline.

The Birmingham Assay Office has released the UK hallmarking figures for the four UK assay offices for the month of April 2014, with total figures climbing 20.3% compared to April last year.

The numbers reveal the strongest performing metal categories were again 9ct gold, which climbed by 47.4%, and sterling silver, which went up by 10%.

Palladium and platinum continue to show declines, however, with 950, 900 and 850 fineness platinum each exhibiting declines in items assayed, while total palladium hallmarking dropped 2.4% compared to April 2013.

Story continues below
Advertisement

However, last month’s figures represent the eighth consecutive month of increased hallmarking numbers for gold and silver, which the BAO believes represents a positive outlook for the year ahead.

With a view to the first quarter of 2014, as reported last month, 9ct gold hallmarking had grown 31.5% in first three months of year, while sterling silver hallmarking was up 21%. Platinum hallmarking remained flat in Q1 against the same period last year, and palladium assaying fell 10%.

UK Hallmarking figures April 2014 vs April 2013

Gold
24ct (999) – down 54.7% (24 items)
24ct (990) – down 100% (0 items)
22ct (916) – up 12.7% (31,709 items)
18ct (750) – up 21.2% (67,659 items)
14ct (585) – up 30.3% (7,521 items)
9ct (375) – up 47.4% (248,873 items)
Total gold items – up 37.5% (355,786 items)

Silver
Fine silver (999) – down 7.1% (684 items)
Britannia silver (958) – down 86.1% (664 items)
Sterling silver (925) – up 10.1% (348,560 items)
800 parts silver – up 158.3% (62 items)
Total silver items – up 8.7% (349,970 items)

Platinum
999 parts – level (0 items)
950 parts – down 1.7% (20,928 items)
900 parts – down 71.4% (6 items)
850 parts – down 66.7% (1 item)
Total platinum items – down 1.8% (20,935 items)

Palladium
999 parts – level (0 items)
950 parts – down 8.5% (8,487 items)
500 parts – up 33.4% (2,138 items)
Total palladium items – down 2.4% (10,625 items)

Total items hallmarked in April 2014: 737,316 – up 20.3%
 

 

Authors

*

Related posts

Top