RapNet


Rapaport News

 

Research

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

U.S. Jewelry Price Inflation -3%, Watch Index +1%

CPI for All Product Categories Sets Record High
Mar 18, 2014 9:05 AM   By Jeff Miller
Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... The U.S. consumer price index (CPI) for jewelry declined 2.6 percent year on year to 172.11 points in February, the lowest index reading to be posted since March 2011. The highest CPI for jewelry was 183.5 points in January 2012.jewelry prices

Nonetheless, the jewelry CPI  in February marked the 37th consecutive month with a reading of more than 170 points, reflecting its continuing maintenance of a historically strong inflation trend. The CPI for watches was basically flat in February, up by just 0.6 percent, at 122.5 points or two points lower than the record high of 124.3 that was  set in July 2013.

Continued price pressures on industry commodities contributed to a  lower jewelry price index during the month. The price for gold in February was about 16 percent lower year on year, while platinum was down 8 percent. The RapNet Diamond Index (RAPI), the global benchmark for polished diamond prices, fell 3.3 percent year on year for 1-carat diamonds, while RAPI for 3-carat diamonds dropped 2.7 percent. RAPI for 0.50-carat stones increased 3.2 percent and the index jumped 11.1 percent for 0.30-carat diamonds.
 
By comparison,  the CPI for all product categories in February increased 1.1 percent year on year to set a new record high of 235.17 points.


Tags: consumer price inflations, cpi, diamonds, gold, Jeff Miller, Jewelry, platinum, prices
Similar Articles
Rapaport TradeWire October 29, 2020
Oct 29, 2020
Retail Industry Mining General Finance October 29, 2020 RAPAPORT...
Rapaport TradeWire October 22, 2020
Rapaport TradeWire October 15, 2020
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us