The US consumer price index (CPI) for jewelry in June 2014 fell 4.5% on a year-on-year basis to 170.83 points, Rapaport reported. The value of the index was slightly higher than the corresponding figures for May and April 2014.
The consumer price index for watches for the reporting month fell by 0.8% to 122.71 points.
The decline in indices was influenced by the stably low prices for raw materials for the jewelry industry, observed in the last few months. The average price of gold and platinum was 3% lower than in June 2013.
The price index for diamonds RapNet Diamond Index (RAPI ™) for stones weighing 1 carat in June fell by 3.2%. Prices for diamonds weighing 0.3 carats and 0.5 carats rose by 10.2% and 6.2%, respectively. The price index for diamonds weighing 3 carats for the reporting month fell by 2.8%.
The general consumer price index for all product categories in June increased by 2.1% in the year-on-year terms and reached a new record level of 237.69 points.