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U.S. Jewelry Prices Fall in December

Jan 21, 2016 7:35 AM   By Rapaport News
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RAPAPORT... The U.S. consumer price index (CPI) for jewelry fell 0.4 percent in December from a month ago, according to the Bureau of Labor Statistics. The inflation reading was 1 percent lower from a year earlier.

The decline – before seasonal adjustment – comes despite a rise in diamond prices in the month, with the RapNet Diamond Index (RAPI™) for 1-carat, GIA-graded diamonds increasing 1.5 percent in December. However, gold prices on Comex fell 0.3 percent between December 1 and December 31, according to data compiled by Bloomberg.

The December CPI for watches slipped 1.6 percent from a month ago and rose 0.8 percent from a year earlier, according to the U.S. labor data. The CPI for all urban consumers declined 0.1 percent in December on a seasonally adjusted basis.
Tags: consumer price inflation, cpi, diamonds, Jewelry, prices, Rapaport News, RAPI, watches
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