U.S. Jewelry Prices Rose 3% Last Month

Finance and Trade
23/03/2016 16:55

There was a 2.9% increase in jewelry prices in the United States last month, according to statistics from the Bureau of Labor Statistics which showed the rise in the consumer price index (CPI) for jewelry, reported Rapaport. The figure was 6.2% higher than a year before. The increase followed a rise in polished diamond prices in February, with the RapNet Diamond Index (RAPI™) for 1-carat, GIA-graded diamonds rising 0.3 percent. RAPI for 0.30-carat diamonds advanced 0.4 percent and RAPI for 0.50-carat diamonds added 0.7 percent.