Price changes on Cartier's gold

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Does it reflect on the actual gold prices? Or does it only go up? Has there ever been a price decrease?
Thanks!
There was a price decrease in the UK recently - earlier this year I think. My rose gold Cartier love bracelet was priced at £6,000 (I think this was when gold prices were up at $2,000) and the bracelet price was recently reduced to £5,650. My SA told me it was a combination of gold price and exchange rate changes.
 
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