Hallmarking down just 1% in November

Palladium wedding bands, such as these from Charles Green, have helped palladium hallmarking jump 18.9 percent in November.

Strong month for palladium driven by wedding rings.

The total number of items hallmarking at the four UK assay offices slipped just 1% year on year in November, according to statistics compiled by the Birmingham Assay Office, with palladium enjoying a strong month driven by wedding bands.

The incremental decline is a much softer drop than in other months during 2012, with the total number of items hallmarked inthe UK in November down 1% to 1,144,495.

The total number of gold items hallmarked fell 2.4% to 507,848 in November. It was 24ct gold that was hit hardest in the month with a decline of 100% for 990 purity and a fall of 61.1% for 999 purity, while the strongest purity was 14ct gold with year-on-year growth of 46.1%. In the middle were 22ct gold with an uplift of 29.3%, 9ct gold with an increase of 1.5% and 18ct gold with a decline of 2.4%.

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Silver showed split fortunes for the month with the higher purities showing growth while the lower-grade silver items lessened on last year’s figures for the month and the overall figures showed a 3.6% drop to 610,965 items. Fine silver registered an increase of 45.6% and Britannia silver was up 58.5% on November last year. Meanwhile sterling silver fell 3.8% and 800 parts dropped 37.9%

Platinum hallmarking fell across the board, with the exception of 850 parts, which was up 150% on last year from two items hallmarked to five. 950 parts, which is the bulk of platinum hallmarked, fell 7% while 999 parts dropped 100% and 900 parts fell 77.6%. Overall platinum items hallmarked fell 7.2% to 19,098 items.

Palladium enjoyed the best month out of the four precious metals groups with an overall increase of 18.9% to 6,584 items hallmarked in November, driven mainly by wedding rings, according to the Birmingham Assay Office. All purities showed an increase with 999 up 100%, 950 up 11.6% and 500 up 238.8%.

The facts and figures: UK hallmarking in November 2012 vs November 2011

Gold
24ct gold (999) – down 61.1%
24ct gold (990) – down 100%
22ct gold (916) – up 29.3%
18ct gold (750) – down 2.4%
14ct gold (585) – up 46.1%
9ct gold (375) – up 1.5%
Total gold items – up 2.4%

Silver
Fine silver (999) – up 45.6%
Britannia silver (958) – up 58.5%
Sterling silver (925) – down 3.8%
800 parts silver – down 37.9%
Total silver items – down 3.6%

Platinum
999 parts platinum – down 100%
950 parts platinum – down 7%
900 parts platinum – down 77.6%
850 parts platinum – up 150%
Total platinum items – down 7.2%

Palladium
999 parts palladium – up 100%
950 parts palladium – up 11.6%
500 parts palladium – up 238.8%
Total palladium items – up 18.9%

Total items hallmarked – down 1%

 

 

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