News

Advanced Search

U.S. Jewelry Prices Fall in December

Jan 21, 2016 7:35 AM   By Rapaport News
Email Email Print Print Facebook Facebook Twitter Twitter Share Share
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
Similar Articles
© Copyright 1978-2022 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
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.