Industry News by Nemesis

U.S. Jewelry Prices Drop First Time in Five Months

April 28, 2016

The U.S. consumer price index (CPI) for jewelry fell 3 percent in March, discontinuing an uptrend in the four months to February, according to the U.S. Bureau of Labor Statistics. 

Even as the CPI for jewelry rose 9 percent between November and February, it was in a steady downtrend for most of 2015. The March reading was 3 percent higher than a year ago. 

The March CPI for watches also declined 4 percent in the month but remained up 5 percent from a year earlier.

 

Source: Rapaport

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