Friday, June 4, 2010

Gold Jewelry Hallmarking In The U.K. Drops By 11.8%

According to a report in Professional Jeweller, hallmarking of gold jewelry overall has declined 11.8% year-over-year. Higher gold prices were blamed, even though the steepest decline in hallmarking was for 9 karat jewelry.


Presumably, the steep decline in 9 karat pieces was due to them being sold to a more price-sensitive clientele. That group seems to have little crossover with the other categories. The drop in demand for 9-karat category was not compensated for by an increase from people who would otherwise have bought 14 karat.

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