The US consumer price index (CPI) for jewelry in November 2013 remained generally stable, falling only 0.5% year-on-year to 176.16 points, Rapaport reports. The index was one and a half points lower than the average in October 2013. Record high CPI was registered in January 2012 and was 183.19 points. The average CPI for 11 months of the year (177.78 points) was 0.3% lower than the corresponding indicator for January-November 2012.
Taking into account the November data, the CPI exceeded the average of 170 points for 35 consecutive months, thus maintaining a steady trend towards inflation.
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 November, gold prices declined by about 27% on a year-on-year basis, and platinum fell in price by almost 15%.
In November, the RapNet diamond price index (RAPI) for certified 1 carat stones fell by 4.7% on a year-on-year basis, prices for diamonds of 3 carats decreased by 2.9%, and diamonds with a weight of 0.5 carats fell by 1 , 7%. Meanwhile, diamonds weighing 0.3 carats rose in price by 8.2%, according to RapNet.