Hallmarking falls in Q3 as silver and palladium suffer

Hallmarking figures compiled by Birmingham Assay Office have revealed the number of articles hallmarked in Q3 2018 fell by 7.1% compared to the same quarter last year.

Palladium saw the biggest decline, with hallmarking down by 30.2%.

Silver also posted a dip (18.1%), while gold and platinum numbers increased by 6.9% and 13.3% respectively.

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The results for September make a rather bleak read, with hallmarking down for all metals apart from gold, which saw a 1.5% rise.

See the full figures below…

UK Hallmarking figures Q3 2018 vs Q3 2017

Gold
24ct (999) – up 370.4% (127 items)
24ct (990) – down 70.0% (24 items)
22ct (916) – up 1.5% (118,460 items)
18ct (750) – up 3.6% (208,631 items)
14ct (585) – up 32.2% (39,875 items)
9ct (375) – up 7.7% (690,114 items)

Total gold items – up 6.9% (1,057,231 items)

Silver 
Fine silver (999) – down 0.5% (5,120 items)
Britannia silver (958) – down 19.2% (3,075 items)
Sterling silver (925) – down 18.1% (1,105,612 items)
800 parts silver – down 74.1% (51 items)

Total silver items – down 18.1% (1,113,858 items)

Platinum
999 parts – up 136.4% (26 items)
950 parts – up 13.2% (79,255 items)
900 parts – up 5.0% (63 items)
850 parts – up 561.5% (86 items)

Total platinum items – up 13.3% (79,430 items)

Palladium
999 parts – Neutral (0 items)
950 parts – down 28.4% (12,570 items)
500 parts – down 37.5% (2,616 items)

Total palladium items – down 30.2% (15,186 items)

Total items hallmarked in Q3 2018 – 15,186 – down 30.2%

 

UK hallmarking figures September 2017 vs September 2018

Gold

24ct (999) – up 120% (33 items)
24ct (990) up 1,000% (22 items)
22ct (916) down 11.1% (36,524 items)
18ct (750) down 6.3% (70,759 items)
14ct (585) up 13.0% 15,185 items)
9ct (375) up 5.6% (247,408 items)

Total gold items – up 1.5%% (369,931 items)

Silver

Fine silver (999) – up 2.9% (2,210 items)
Britannia silver (958) – down 29.9% (1,365 items)
Sterling silver (925) – down 22.3% (357,862 items)
800 parts silver – down 97.8%% (4 items)

Total silver items – down 22.2% (361,441 items)

Platinum

999 parts – up 140% (24 items)
950 parts – down 7.7% (22,952 items)
900 parts – down 73.7% (10 items)
850 parts – up 1,625% (69 items)

Total platinum items – down 7.5% (23,055 items)

Palladium

999 parts – Neutral (0 items)
950 parts – down 22.2% (3,175 items)
500 parts – down 30.5% (630 items)

Total palladium items – down 23.7% (3,805 items)

Total items hallmarked in September 2018: 2,265,705– down 11.7%

 

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