The Birmingham Assay Office

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Quarterly Hallmarking Figures / April to June 2011

HALLMARKING VOLUMES CONTINUE TO DECLINE...

Hallmarking figures showed a further serious decline in the second quarter with total volumes down 29.6%, 950,000 units less than 2010.

This followed a drop of 12.6% in the first quarter and reflects the combined impact of the squeeze on disposable income and the soaring metal prices which particularly affected silver after prices rocketed to over £29 per ounce in April. Despite this silver still represented 55% of the articles hallmarked.

Work dealt with by the Assay Offices of Great Britain, for the Quarter April to June 2011.