Data show that US retail jewelry prices fell in May. The Jewelry Consumer Price Index (JCPI) fell from 162.4 in April to 161.0 in May.
JCPI has been in volatility and has been in continuous decline since September last year.
After JCPIC reached its peak in mid-2013, due to the rebound in prices such as gold, retailers were unable to maintain sales as prices rose.
In May 2014, the Jewelry Producer Price Index (JPPI) rose to 214.3 from 213.1 in April. Since the beginning of the year, this index has been rising. JPPI has also been pushed higher due to rising prices of other precious metals such as gold and diamonds, especially after the price of gold broke through an important level of $1,300 per ounce.
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