Hallmarking down just 1% 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.

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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%.

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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