Advanced Search

U.S. Jewelry Price Inflation -3% in March

Apr 16, 2013 10:14 AM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... The U.S. consumer price index (CPI) for jewelry eased again in March, falling 2.9 percent year on year to 176.1 points in response to weaker prices for precious metals. The index was a touch higher than February's reading of 175.9 points.inflation Nonetheless,  the CPI maintained a historically strong trend, with March representing the 27th consecutive month of a reading of more than 170 points. With the recent and dramatic drop in gold prices this month, that trend may break with April's report.

The CPI for jewelry reached a record 183 points in January 2012, but then prices for polished diamonds, gold and platinum remained under pressure throughout the year. Diamond prices, in particular, have since stabilized and are slowly recovering, according to Rapaport Research. But gold hit a 26-month low this week, trading for less than $1,400 per ounce.

The CPI for all product categories combined in March rose 1.5 percent year on year to 232.3 points, which was down just slightly from a record high of 232.77 points in February.

Tags: cpi, gold prices, historic, inflation, Jeff Miller, Jewelry, trends
Similar Articles
Rapaport TradeWire July 19, 2018
Jul 19, 2018
Industry Retail Mining General Finance July 19, 2018 RAPAPORT MARKET COMMENT Slow trading, with
Rapaport TradeWire June 28, 2018
Jun 28, 2018
Industry Retail Mining General Finance June 28, 2018 RAPAPORT MARKET COMMENT Positive sentiment despite
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© 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.