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U.S. Jewelry Prices Rise in May

Jun 19, 2016 6:59 AM   By Rapaport News
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RAPAPORT... The U.S. consumer price index (CPI) for jewelry grew 3.3 percent in May from a month ago, according to seasonally unadjusted data from the U.S. Bureau of Labor Statistics. It jumped 9.9 percent from a year earlier.

The move was not in line with diamond prices for the same month. The RapNet Diamond Index (RAPI™) for 1-carat, GIA-graded diamonds was flat, while RAPI for 0.30-carat diamonds fell 1.1 percent and RAPI for 0.50-carat diamonds fell 0.3 percent during May. RAPI for 3-carat diamonds slid 1.1 percent.

Gold prices on Comex retreated 5.7 percent between April 29 and May 31, according to data compiled by Bloomberg.

The May CPI for watches also climbed 3.3 percent over the previous month and jumped 7.2 percent from a year ago.
Tags: consumer price index, consumer price inflation, cpi, Diamond prices, diamonds, Jewelry, jewelry prices, prices, Rapaport News, RAPI, watches
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