Advanced Search

U.S. Jewelry Price Inflation -5%, Watches -1%

Consumer Price Index Reaches Record High

Jul 22, 2014 9:50 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 declined 4.5 percent year on year to 170.83 points in June. However, the reading was a touch higher than the index for both May and April.  The CPI for watches, meanwhile, was down 0.8 percent year on year to 122.71 points. jewelry prices cpi

Somewhat stable to slightly lower prices for jewelry  industry commodities have contributed to a declining  CPI in the past several months. The average price of gold in June was about 3 percent lower, while platinum was about 3 percent higher compared with June 2013.

The RapNet Diamond Index (RAPI), the global benchmark for polished diamond prices, fell 3.2 percent year on year for 1-carat diamonds, while RAPI for 3-carat diamonds dropped 2.8 percent in June. However, RAPI for 0.30-carat diamonds jumped 10.2 percent and the index increased 6.2 percent for 0.50-carat stones.

By comparison, the CPI for all product categories in June increased 2.1 percent year on year to set a new record high of 237.69 points. The U.S. CPI has experienced 14 consecutive monthly increases as energy and food producers, in particular, continue pass on price increases to consumers.

Tags: cpi, Diamond prices, gold, inflation, Jeff Miller, Jewelry, platinum, RAPI, watches
Similar Articles
De Grisogono 150High-End Slump Forces Layoffs at De Grisogono
Apr 11, 2018
Swiss-based luxury jeweler De Grisogono plans to cut up to 41 positions after a challenging high-end market resulted in poor sales.
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.