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U.S. Jewelry Prices Fall 1% in November
Dec 15, 2015 12:24 PM
By Rapaport News
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RAPAPORT... The U.S. consumer
price index (CPI) for jewelry fell 1.4 percent in November from the previous
month, according to the U.S. Bureau of Labor Statistics. The reading was 3.2
percent lower from a year ago.
The decline comes against
mixed figures for diamond and gold prices. Diamond prices climbed in
November, with the RapNet Diamond Index (RAPI™) for 1-carat, GIA-graded
diamonds rising 0.7 percent in November, its first increase in six months. RAPI
for 0.30-carat diamonds advanced 3.3 percent and RAPI for 0.50-carat diamonds grew
1.1 percent. RAPI for 3-carat diamonds fell 0.6 percent.
Gold bullion prices dropped 6.8 percent in November, the biggest monthly slide
since June 2013, Bloomberg reported December 7.
The November
CPI for watches slipped 1.3 percent from a month ago and 1.1 percent from a
year earlier, according to the U.S. labor data. The CPI for all urban consumers
was unchanged.
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Tags:
consumer price inflation, cpi, Jewelry, prices, Rapaport News, RAPI, watches
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