Advanced Search

U.S. Jewelry Prices Stable, Watches Rise

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

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
TiffanyTiffany Sales Rise as US, Asia Recover
Mar 18, 2018
Tiffany’s sales jumped 9% in the fourth fiscal quarter, as US and Far East demand strengthened. Global revenue
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.