The US consumer price index (CPI) for jewelry in October 2013 slightly decreased by 0.4% on a year-on-year basis to 177.72 points, Rapaport reports. The index was three points below the average in September 2013. Record high CPI was registered in January 2012 and was 183.19 points. The average CPI value for the first ten months of the year (177.97 points) was 0.3% lower than the corresponding indicator for January-October 2012.
Taking into account the data for October, CPI exceeded the average mark of 170 points for 34 consecutive months, a stable trend towards inflation persisted.
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 October, gold prices fell by 27% on a year-on-year basis, and platinum fell in price by almost 13%.
In October, the RapNet diamond price index (RAPI) for certified 1 carat stones fell by 5.3% on a year-on-year basis, prices for diamonds of 3 carats decreased by 3.3%, and diamonds with a weight of 0.5 carats fell by 2 ,5%. Meanwhile, diamonds weighing 0.3 carats rose in price by 6.6%, according to RapNet.
The general index of consumer prices for all categories of products in September increased by 1% in the year-on-year terms and reached 233.81 points.