Rapaport News




Advanced search
Latest Articles
Rough Markets
Polished Markets

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

The CPI for All Product Categories Reaches New High
Apr 18, 2014 8:20 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 172.12 points in March, which was just a touch higher than February.

Despite the decrease, the jewelry CPI  in March marked the 38th consecutive month with a reading of more than 170 points, reflecting its continuing maintenance of a historically strong inflation trend.   jewelry

The CPI for watches was basically flat in March, up by 0.6 percent to 122.97 points.

Price pressures on industry commodities contributed to holding the CPI in check. The price for gold in March was down about 17 percent year on year, while platinum was down nearly 10 percent.

The RapNet Diamond Index (RAPI), the global benchmark for polished prices, fell 2.6 percent year on year for 1-carat diamonds, while RAPI for 3-carat diamonds dropped 1.5 percent. However, RAPI for 0.30-carat diamonds jumped 13.1 percent and the index increased 5.4 percent for 0.50-carat stones.

By comparison, the CPI for all product categories in March increased 1.5 percent year on year to set a new record high of 235.64 points.

Tags: cpi, diamonds, gold, inflation, Jeff Miller, Jewelry, march, 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