IN DEPTH: An analysis of the gold jewellery market in the UK

In 2017 a modest Q4 growth set the seal on a positive year for global gold jewellery demand, but the UK still remained troubled by Brexit concerns. Furthermore, hallmarking figures for the annual year recorded a 16.7% dip in the number of gold articles hallmarked, with 9ct and 18ct both taking a hit. However, things are looking brighter for jewels crafted in the precious metals as early data for 2018 paints an optimistic picture and the general consensus is that things are slowly improving and stabilising. Story continues below Advertisement In the World Gold Council’s Gold Demand Trends Q1 2018 report it revealed jewellery demand was up in the UK by 1% – a small, yet significant feat considering last year’s results – and although Q1 hallmarking figures cited a 1.5% fall in the number of gold items hallmarked, this is another small, yet significant improvement as during the same time last year the . More