Hallmarking figures drop 20.3 percent March

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Platinum and gold numbers fall, while palladium 500 increases.

The total number of articles hallmarked by the four UK Assay Offices last month was 20.3 percent down, with a total of 893,362 items hallmarked – 227,852 fewer items than March 2010.

All metals (with the exception of palladium which was flat compared to last year) showed a reduction in volumes hallmarked, including silver which was 21.8 percent down but still representing 54 percent of the total units hallmarked in the UK in the month.

The total number of gold items hallmarked fell from 463,221 in March 2010, to 373,940. Nine carat gold held fast with the most number of items marked, while 14ct gold jumped 19 percent in number of items sent for hallmarking compared to March last year.

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The amount of silver items hallmarked stood at 481,774, with an 87.3 percent rise in the number of 999 parts silver items marked.

Platinum fell from 28,690 items in March 2010 to 24,468 last month, a difference of 14.7 percent. Palladium of 950 parts saw a small drop to 11,873 items hallmarked, a drop of 8.8 percent for last year, while 500 parts palladium continued its trend seen last month, with a rise in figures to 801 pieces hallmarked, a massive 540.8 percent increase compared to March 2010.

 

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