Jewelry Prices Rise in the United States in May

20/06/2016 11:06

The U.S. consumer price index (CPI) for jewelry jumped by 3.3 percent in May from April, according to seasonally unadjusted data from the U.S. Bureau of Labor Statistics and soared 9.9 percent from a year earlier, according to Rapaport News. However, the sharp increase was not in line with diamond prices for the month, with Rapaport's diamond index showing that prices of 1-carat, GIA-graded diamonds were flat, while prices of 0.30-carat diamonds fell 1.1 percent and 0.50-carat diamonds slipped 0.3 percent during May. And the rise in prices was not due to other jewelry inputs, either, with gold prices declining by almost 6 percent in May 31, according to data compiled by Bloomberg, the site explained.