Hallmarking in February jumps 12.6%

Silver, platinum and palladium strong and struggling 9ct gold improves

Hallmarking in the UK in February jumped 12.6 percent year on year, according to figures from the UK’s four Assay Offices.

Despite a soaring gold price, the overall number of gold items hallmarked in February jumped 5.9 percent on the same month last year. 9ct gold continued to struggle with the number of items hallmarked dropping 2.7 percent on last year, but is showing improvement when compared to previous months where the year-on-year decline has been in excess of 25 percent.

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White metals continue to be strong with the number of sterling silver items hallmarked up 16.9 percent, and the number of platinum articles hallmarked up 12 percent.

Palladium has no year-on-year comparisons due compulsory hallmarking being introduced on January 1, but Birmingham Assay Office business relations manager said that it “continues to be popular”. More than 10,300 units of palladium were hallmarked in February.

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