September hallmarking promising start to Xmas

Investment-bowl-hallmarkn.jpg

All hallmarking sectors showed growth in September in what the Birmingham Assay Office described as “a promising start to the peak trading season”.

The total number of items hallmarked at the four UK assay offices jumped 9.8% in September on figures from the same month in 2012. In total 810,409 items were hallmarked, according to data compiled by the Birmingham Assay Office.

Each precious metal category showed growth with gold up 10%, silver up 9.8%, platinum up 8.7% and palladium up 4%.
In gold 14ct showed the biggest year-on-year growth, up 64.1%. 999 parts was the only gold purity to register a drop, with the number of units hallmarked falling 44.4% on 2012’s levels.

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It was the lower end of the silver market that delivered most growth in this category, with 800 parts up 413%. Fine silver was the only silver purity to dip in September with the number of items hallmarked falling starkly by 49.3%.

While the total units of platinum showed a rise, all purities other than 950 parts fell last month with drops ranging between 50% and 100%. 950 part showed a rise of 9.1%.

Palladium delivered a mixed performance with 999 parts on a par with last year, 950 parts up 15.2% and 500 parts down 34.4%

The Birmingham Assay Office also released quarterly figures that showed a small uplift of 2.8% in the third quarter compared with the same period of 2012.

The facts and figures: UK hallmarking in August 2013 vs August 2012

Gold
24ct (999) – down 44.4% (15 items)
24ct (990) – up 5.2% (141 item)
22ct (916) – up 7.8% (33,343 items)
18ct (750) – up 2.6% (65,156 items)
14ct (585) – up 64.1% (10,099 items)
9ct (375) – up 10.9% (259,889 items)
Total gold items – up 10% (368,643 items)

Silver
Fine silver (999) – down 49.3% (617 items)
Britannia silver (958) – up 17.7% (1,647 items)
Sterling silver (925) – up 9.9% (410,029 items)
800 parts silver – up 413% (118 items)
Total silver items – up 9.8% (412,411 items)

Platinum
999 parts – down 100% (0 items)
950 parts – up 9.1% (1,787 items)
900 parts – down 50% (5 items)
850 parts – down 93.1% (4 items)
Total platinum items – up 8.7% (21,473 items)

Palladium
999 parts – flat (0 items)
950 parts – up 15.2% (6,760 items)
500 parts – down 34.4% (1,122 items)
Total palladium items – up 4% (7,882 items)

Total items hallmarked – up 9.8% (810,409 items)

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