The total number of items hallmarked by the four UK Assay Offices dropped 16.8% in February.
In total 457,144 pieces of jewellery were hallmarked in February 2025 compared with 549,539 in 2024, a decline of 92,395.
Gold hallmarking fell by 7.9% from 260,662 pieces hallmarked down to 240,098. Gold 999 saw a 75.2% decrease in hallmarking numbers, while gold 585 saw a 97.1% increase compared with last year.
Meanwhile, the total number of silver pieces hallmarked also saw a decline of 28.6% from 264,310 down to 188,742.
Despite the overall decrease in the silver category, silver 800 recorded the biggest increase of 500%.
Additionally, platinum saw an increase in hallmarking of 15.9% from 23,949 to 27,573, while palladium saw a decrease of 10.8% from 618 to 551.
The four UK Assay Offices are based in Birmingham, Sheffield, London and Edinburgh.
