RapNet


Rapaport News

 

Retail

 

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

U.S. Jewelry Prices Stable, Watches Rise

Aug 17, 2016 9:47 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
The U.S. consumer price index (CPI) for jewelry and watches rose marginally in July, according to the Bureau of Labor Statistics.

The reading edged up 0.7 percent compared with June, the data showed. The CPI was 5 percent higher than its level a year ago.

The July CPI for jewelry was little changed from the previous month and rose 4 percent from a year ago. Watch prices advanced 2 percent sequentially and jumped 8 percent year on year.

The figures come alongside lower diamond prices in July, with the RapNet Diamond Index (RAPI™) for 1-carat, GIA-graded diamonds falling 1.7 percent. RAPI for 0.30-carat diamonds slid 1.8 percent and RAPI for 0.50-carat diamonds slipped 0.5 percent. RAPI for 3-carat diamonds retreated 1.5 percent.

However, gold prices climbed throughout the month, advancing 1.5 percent on Comex, according to data compiled by Bloomberg.
Tags: consumer price index, cpi, Jewelry, Jewelry and Watch Prices, Jewelry and watches, prices, Rapaport News, RAPI, RapNet, U.S, watch
Similar Articles
Macys jewelry 150Jewelry Gives Shining Performance at Macy’s
Nov 22, 2020
Jewelry was one of the top-selling categories at Macy’s during the...
Luk Fook Warns of Profit Drop
Luxury Sales Won’t Recover for Two Years – Bain



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