Jewelry suppliers’ prices slip in October

After months of strong upward pressure, jewelry suppliers’ prices in the U.S. market showed modest deflation in October, according to new data from the government. In contrast, jewelry retail prices rebounded sharply from October’s pause. This disparity is good news for retail jewelers since it shows that they may be recovering some of the high costs related to surging jewelry commodity prices – diamonds and precious metals – over the past several quarters.