Annual UK hallmarking results reveal 7.1% decline in 2016

Hallmarking pic

The Birmingham Assay Office has released full-year 2016 hallmarking figures for the UK’s four assay offices, revealing an annual slump of 7.1% compared to 2015’s figures.

A total of 9,748, 033 articles were 10,495,355 articles were assayed in the UK in 2016 compared to 10,495,355 in 2015.

Platinum was the only metal to be up compared to last year, while silver, gold and palladium saw a decline in the amount of articles hallmarked.

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The assay offices also revealed its December 2016 results, highlighting a sharp decline. The total number of items hallmarked in December fell by 15.7%.

781,200 items were hallmarked throughout December. Gold reported the steepest decline (20.7%), followed by silver and platinum which dipped by 11.5% and 11.2% respectively. Palladium was the only metal to experience a rise in items hallmarked.

The full annual and monthly results can be seen below…

Annual UK Hallmarking Figures for 2016

Gold
24ct (999) – up 4.7% (821 items)
24ct (990) – down 11.4% (117 items)
22ct (916) – down 12.6% (447,830 items)
18ct (750) – down 3.8% (862,509 items)
14ct (585) – up 8.9% (106,272 items)
9ct (375) – down 6.0% (3,425,213 items)

Total gold items – down 6.0% (4,842,762 items)

Silver 
Fine silver (999) – up 11.5% (21,969 items)
Britannia silver (958) – up 5.2% (15,491items)
Sterling silver (925) – down 9.1 % (4,479,514 items)
800 parts silver – down 85.0% (825 items)

Total silver items – down 9.0% (4,517,799 items)

Platinum
999 parts – up 145.2% (103 items)
950 parts – up 3.1% (287,997 items)
900 parts – down 22.9% (195 items)
850 parts – down 11.5% (138 items)

Total platinum items – up 3.1% (288,433 items)

Palladium
999 parts – down 99.1%l (5 items)
950 parts – up 2.9% (84,650 items)
500 parts – down 19.3% (14,384 items)

Total palladium items – up 0.4% (99,039 items)

Total items hallmarked in 2016 – down 7.1% (9,748, 033 items)

Updated hallmarking pic

UK hallmarking figures December 2016 vs December 2015

Gold
24ct (999) – up 163.0% (71 items)
24ct (990) – neutral (1 item)
22ct (916) – down 10.1% (26,512 items)
18ct (750) – down 18.6% (63,134 items)
14ct (585) – up 1.5% (9,064 items)
9ct (375) – down 22.8% (247,278 items)

Total gold items – down 20.7% (346,060 items)

Silver 
Fine silver (999) – down 17.3% (627 items)
Britannia silver (958) – down 15.4% (1,024items)
Sterling silver (925) – down 11.5% (406,206 items)
800 parts silver – down 93.1% (4 items)

Total silver items – down 11.5% (407,861 items)

Platinum
999 parts – 100% (60 items)
950 parts – down 11.5% (20,028 items)
900 parts – up 900% (10 items)
850 parts – up 33.3% (4 items)

Total platinum items – down 11.2% (20,102 items)

Palladium
999 parts – Neutral (0 items)
950 parts – up 14,6% (6,578 items)
500 parts – up 34.6% (599 items)

Total palladium items – up 16.0% (7,177 items)

Total items hallmarked in November 2016: 781,200 – down 15.7%

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