RapNet


Rapaport News

 

Research

 

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

U.S. Jewelry Price Index -3% in April

Watch Price Index Sets Record April High
May 22, 2015 10:30 AM   By Jeff Miller
Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... The U.S. consumer price index (CPI) for jewelry dropped 3.3 percent year on year to 163.96 points in April, which was the lowest reading posted since December.

Comparatively, the CPI for watches rose 1.6 percent to 123 points, reflecting a new high for the month of April.

Meanwhile, prices for diamonds and precious metals experienced broad declines in April. The RapNet Diamond Index (RAPI), the global benchmark for polished prices, dropped 13.9 percent year on year for 1.00-carat certified diamonds, while RAPI for 0.30-carat plunged 21.2 percent, RAPI for 0.50-carat contracted 9.5 percent and RAPI for 3.00-carat diamonds declined 14.5 percent.

Gold prices in April averaged about 9 percent lower from one year ago.  Platinum, on the other hand, remained under tremendous pressure and fell 21 percent, while silver declined 14 percent compared with April 2014.

The  CPI for all consumable product categories in April  was basically unchanged, down just 0.2 percent from one year ago, at 236.6 points.

Tags: cpi, diamonds, gold, inflation, Jeff Miller, Jewelry, platinum, prices, silver, watches
Similar Articles
Rapaport TradeWire September 17, 2020
Sep 17, 2020
Industry Retail Mining General Finance September 17, 2020 RAPAPORT...
Rapaport TradeWire September 10, 2020
Rapaport TradeWire September 3, 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