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U.S. Jewelry Prices Fall 1% in October

Nov 18, 2015 6:36 AM   By Rapaport News
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RAPAPORT... The U.S. consumer price index (CPI) for jewelry fell 1.1 percent in October from the previous month, according to the U.S. Bureau of Labor Statistics. The CPI’s reading for the month was down 2.2 percent from a year ago.

Diamond prices dropped in October, with the RapNet Diamond Index (RAPI™) for 1-carat, GIA-graded stones sliding 1.3 percent. RAPI for 0.30-carat diamonds fell 0.1 percent and RAPI for 0.50-carat diamonds declined 1 percent. RAPI for 3-carat diamonds slipped 0.4 percent. While gold prices rose 2.7 percent in October from a month earlier, they have slumped 5.4 percent from a year ago, according to data compiled by Bloomberg.

October’s CPI for watches at 124.30 points was down 1.4 percent over the previous month; it was flat relative to a year earlier, according to the U.S. labor data. The CPI for all urban consumers climbed 0.2 percent in October.
Tags: consumer price index, cpi, Diamond prices, gold prices, Rapaport News, RAPI, US, watches
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