The US consumer price index (CPI) for jewelry in August 2013 increased by 2.5% on a year-on-year basis and amounted to 182.13 points, reaching the highest level since January 2012, when its value was 183.19 points, Rapaport reports. However, following the results of the first eight months of 2013, the value of the index decreased by 0.4%, which generally indicates its stability.
In August, the average index value for the tenth time exceeded the level of 180 points. Taking into account the data for August CPI exceeded the average mark of 170 points for 32 consecutive months.
CPI for jewelry reached a record level of 183 points in January 2012, but after that, throughout 2012, prices for diamonds, gold and platinum declined. As of the end of August, gold prices fell 16% on a year-on-year basis, and platinum fell in price by 2%.