The US consumer price index (CPI) for jewelry in September 2013 increased by 0.2% on a year-on-year basis and reached 181.01 points, reaching the second highest level since January 2012, when its value was 183.19 points , reports Rapaport.
According to the results of the first nine months of 2013, the average monthly value of the index decreased by 0.3% on a year-on-year basis.
In September, the average value of the index for the eleventh time exceeded the level of 180 points. Taking into account the data for September CPI exceeded the average mark of 170 points for 33 consecutive months.
CPI for jewelry reached a record level of 183 points in early 2012, but after that, throughout 2012, prices for diamonds, gold and platinum declined. As of September, gold prices fell by 20% on a year-on-year basis, and platinum fell in price by 10%.
In September, the RapNet diamond price index (RAPI) for certified 1 carat stones fell by 5.5% on a year-on-year basis, prices for diamonds of 3 carats decreased by 3.9%, and diamonds with a weight of 0.5 carats were cheaper by 3 ,8%. Meanwhile, diamonds weighing 0.3 carats rose in price by 6.4%, according to RapNet.