Hallmarking falls 12.2% in August
The total number of items hallmarked by the four UK Assay Offices dropped 12.2% in August.
In total 778,960 pieces of jewellery were hallmarked in August 2023 compared with 886,746 in August 2022, a decline of 107,786.
Gold hallmarking dropped 11.2% from 364,652 pieces hallmarked down to 323,993.
However, gold 916 saw a 19% increase in hallmarking numbers but gold 375 saw a 17.7% decrease compared with last year.
The total number of silver pieces hallmarked also saw a decline, a drop of 12.4% from 485,663 down to 425,200.
All categories of silver saw a decline in hallmarking with silver 925 seeing a decrease of 12.4%.
Platinum saw a decline in hallmarking of 18.3% from 36,094 down to 29,488 while palladium saw a decrease of 12.2% from 886,746 to 778,960.
The four UK Assay Offices are based in Birmingham, Sheffield, London and Edinburgh.