The US consumer price index (CPI) for jewelry in April 2014 declined by 3.7% on a year-on-year basis to 169.63 points, setting at its lowest level in 39 months and interrupting the long period during which The value of the index exceeded the mark of 170 points, reports Rapaport.
CPI for the clock in April remained generally stable, slightly decreasing by 0.3% to 121.12 points.
The reduction in CPI for jewelry in the reporting month was affected by price pressure on commodities. Prices for gold in April were almost 11% lower than the corresponding values ​​a year earlier, and platinum fell 4% on a year-on-year basis.
In April, the price index for diamonds RapNet (RAPI) for certified stones weighing 1 carat fell by 3%. The price index for diamonds weighing 0.5 carats rose by 4.2%, and diamonds weighing 0.3 carats went up by 10.8%. For the reporting month, stones weighing 3 carats fell in price by 2.3%.
The general consumer price index for all product categories in April increased by 2% on a year-on-year basis and reached a new record mark of 236.25 points.