May hallmarking shows optimistic 7.6% increase

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Positive upturn in gold hallmarking noted, while silver drops 9.6%.

May’s hallmarking figures for the four UK Assay Offices have revealed a continued upturn in the number of items being hallmarked, after many months of sliding figures.

The hallmarking statistics for May show the number of units hallmarked by the four UK Assay Offices was up 7.6% compared to May 2011.

The total number of gold items hallmarked was up 30% last month – with all gold alloys increasing in hallmarking – something the Birmingham Assay Office dubbed “a stark contrast” to the negative numbers which have become commonplace over the last few years.

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The rise in gold hallmarking follows a similar upturn in April, linked to the rise in items of 22ct gold – typical for Asia gold jewellery – being hallmarked, following a number of retailers being charged for selling items without hallmarks or as a higher alloy than they actually were.

Silver articles hallmarked last month were down by 9.6% but both platinum and palladium hallmarking numbers showed positive increases compared to the previous year, with platinum up 20.4% in May and palladium up 22.7% as it continues its drive in the UK market.

In total 794,107 items were Assayed last month, an increase of 56,084 items compared to May 2011.
 

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

Gold

24ct gold (999) – up 134%
24ct gold (990) – up 850%
22ct gold (916) – up 38.9%
18ct gold (750) – up 22%
14ct gold (585) – up 37.1%
9ct gold (375) – up 31.7%

Silver

Fine silver (999) – up 40.3%
Britannia silver (958) – up 229.7%
Sterling silver (925) – down 10.1%
800 parts silver – up 66.7%

Platinum

999 parts platinum – down 93.3%
950 parts platinum – up 20.5%
900 parts platinum – down 28.6%
850 parts platinum – up 466.7%

Palladium

999 parts palladium – up 100%
950 parts palladium – up 3.5%
500 parts palladium – up 158.2%

 

 

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