Good run continues as UK hallmarking climbs 19.2%

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February figures show positive momentum for 9ct and sterling silver.

The positive run of UK hallmarking continued last month, with the total number of units hallmarked across the four UK Assay Offices up 19.2% compared to February 2013.

The figures for February outline strong performances for 9ct gold assaying, which climbed 33.3%, and sterling silver, which increased 11.1%.

Platinum hallmarking was reportedly flat against last year’s figures, while palladium continues to slide with the number of articles hallmarked last month dropping 15.3%.

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According to Birmingham Assay Office, which compiles the monthly hallmarking figures, February sealed six months of increases in the total number of articles hallmarked across the four UK Assay Offices. A statement from the Birmingham Assay Office said this represented "good signs for 2014".

UK Hallmarking figures February 2014 vs February 2013

Gold
24ct (999) – down 14.3% (60 items)
24ct (990) – down 66.7% (1 item)
22ct (916) – up 60.4% (35,581 items)
18ct (750) – up 12.3% (50,162 items)
14ct (585) – up 78.2% (4,991 items)
9ct (375) – up 33.3% (236,261 items)
Total gold items – up 32.4% (327,056 items)

Silver
Fine silver (999) – up 3.7% (614 items)
Britannia silver (958) – up 45.4% (406 items)
Sterling silver (925) – up 11.1% (350,767 items)
800 parts silver – up 300% (4 items)
Total silver items – up 40.4% (351,791 items)

Platinum
999 parts – level (0 items)
950 parts – down 1.4% (19,221 items)
900 parts – up 80% (7 items)
850 parts – down 50% (1 items)
Total platinum items – down 1.6% (19,229 items)

Palladium
999 parts – level (0 items)
950 parts – down 7.7% (6,170 items)
500 parts – down 51.9% (675 items)
Total palladium items – down 15.3% (6,845 items)

Total items hallmarked in February 2014: 704,921 – up 19.2%

 

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