Gold hallmarking climbs 24.3% in mixed July report

Hallmarking stayed strong in December 2014, with gold up 20.5% overall.

9ct, 14ct and 18ct gold show continued growth while silver drops 1.1%.

UK hallmarking figures for July 2014 revealed a 9.4% growth in the total number of articles hallmarked, with 9ct and 14ct gold remaining the strongest performing categories, compared to July 2013.

The figures, collated by the Birmingham Assay Office, show 9ct gold continued its upward momentum from June 2014 with a boost of 28.1%, totalling 296,907 items assayed overall. Similarly, 14ct and 18ct gold increased 30% and 22.3% respectively to 7,650 and 79,253 items.

Despite a 15.6% rise in silver items assayed throughout June, July 2014 saw a 1.1% decline in the number of articles compared to the same point last year. Sterling silver dropped 1% to 410,922 items, while 958 silver fell dramatically by 76.8% to just 582 items.

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Platinum 950 registered a significant loss of 1.3% in June, while palladium 950 declined 4.9%. Despite a positive outlook for palladium 500 in June’s figures, the total number of items assayed in July 2014 fell 31.3% compared to July 2013.

Overall, consistent declines were salvaged by the continued success of 9ct, 14ct and 18ct gold, with the total number of items hallmarked making modest gains of 9.4%, totalling 871,830.

UK Hallmarking figures July 2014 vs July 2013

Gold
24ct (999) – down 96.8% (34 items)
24ct (990) – down 100% (0 items)
22ct (916) – up 7.8% (41,452 items)
18ct (750) – up 22.3% (79,253 items)
14ct (585) – up 30% (7,650 items)
9ct (375) – up 28.1% (296,907 items)
Total gold items – up 24.3% (425,296 items)

Silver
Fine silver (999) – up 148.1% (2,751items)
Britannia silver (958) – down 76.8% (582 items)
Sterling silver (925) – down 1% (410,922 items)
800 parts silver – down 100% (0 items)
Total silver items – down 1.1% (414,255 items)

Platinum
999 parts – down 100% (0 items)
950 parts – down 10.5% (23,630 items)
900 parts – up 111.1% (38 items)
850 parts – down 50% (3 items)
Total platinum items – down 10.4% (23,671 items)

Palladium
999 parts – level (0 items)
950 parts – down 4.9% (7,376 items)
500 parts – down 31.3% (1,232 items)
Total palladium items – down 9.9% (8,606 items)

Total items hallmarked in July 2014: 871,830 – up 9.4%

 

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