NAICS Code 331491-02 - Gold Filled & Rolled Gold Plate (Manufacturing)

Marketing Level - NAICS 8-Digit

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NAICS Code 331491-02 Description (8-Digit)

Gold Filled & Rolled Gold Plate Manufacturing is a subdivision of the Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Extruding industry. This industry involves the manufacturing of gold-filled and rolled gold plate products. Gold-filled products are made by bonding a layer of gold to a base metal, while rolled gold plate products are made by mechanically bonding a layer of gold to a base metal. These products are used in a variety of applications, including jewelry, watches, and decorative items.

Hierarchy Navigation for NAICS Code 331491-02

Tools

Tools commonly used in the Gold Filled & Rolled Gold Plate (Manufacturing) industry for day-to-day tasks and operations.

  • Rolling mills
  • Drawplates
  • Annealing torches
  • Soldering equipment
  • Polishing machines
  • Buffing wheels
  • Hammers
  • Pliers
  • Mandrels
  • Files

Industry Examples of Gold Filled & Rolled Gold Plate (Manufacturing)

Common products and services typical of NAICS Code 331491-02, illustrating the main business activities and contributions to the market.

  • Gold-filled jewelry
  • Rolled gold plate watches
  • Decorative gold-filled items
  • Gold-filled picture frames
  • Rolled gold plate flatware
  • Gold-filled cufflinks
  • Rolled gold plate belt buckles
  • Gold-filled earrings
  • Rolled gold plate brooches
  • Gold-filled necklaces

Certifications, Compliance and Licenses for NAICS Code 331491-02 - Gold Filled & Rolled Gold Plate (Manufacturing)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • ISO 9001: This certification ensures that the company has a quality management system in place that meets international standards. It is provided by the International Organization for Standardization (ISO).
  • ASTM B32: This certification is specific to the nonferrous metal industry and ensures that the company meets the standards for solder metal. It is provided by the American Society for Testing and Materials (ASTM).
  • OSHA Safety Certification: This certification ensures that the company meets the safety standards set by the Occupational Safety and Health Administration (OSHA). It is required for all companies operating in the US.
  • EPA Compliance Certification: This certification ensures that the company meets the environmental standards set by the Environmental Protection Agency (EPA). It is required for all companies operating in the US.
  • Conflict-Free Gold Standard: This certification ensures that the company's gold supply chain is free from conflict and human rights abuses. It is provided by the Responsible Jewellery Council.

History

A concise historical narrative of NAICS Code 331491-02 covering global milestones and recent developments within the United States.

  • The manufacturing of gold-filled and rolled gold plate has a long history dating back to the 19th century. In 1817, a process for mechanically bonding gold to a base metal was patented in France, which was later improved upon by the Americans. In the early 1900s, the industry saw significant growth due to the popularity of gold-filled jewelry. During World War II, the industry experienced a decline as the use of gold was restricted for military purposes. In recent years, the industry has seen a resurgence in popularity due to the demand for affordable yet high-quality jewelry. In the United States, the industry has a more recent history. In the 1930s, the Federal Trade Commission established guidelines for the use of the term "gold-filled" to ensure that consumers were not misled. In the 1950s, the industry saw a boom due to the popularity of costume jewelry. In the 1970s, the industry faced a decline due to the rise of cheaper alternatives such as plastic jewelry. However, in recent years, the industry has seen a resurgence due to the demand for sustainable and ethically sourced jewelry.

Future Outlook for Gold Filled & Rolled Gold Plate (Manufacturing)

The anticipated future trajectory of the NAICS 331491-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Gold Filled & Rolled Gold Plate (Manufacturing) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for gold-filled and rolled gold plate products in various applications such as jewelry, watches, and electronics. The industry is also expected to benefit from the growing trend of sustainable and eco-friendly products, as gold-filled and rolled gold plate products are considered more sustainable than solid gold products. Additionally, the industry is likely to benefit from the increasing popularity of online shopping, which has made it easier for consumers to purchase gold-filled and rolled gold plate products. However, the industry may face challenges such as rising raw material costs and increasing competition from substitute products. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 331491-02

Recent groundbreaking advancements and milestones in the Gold Filled & Rolled Gold Plate (Manufacturing) industry, reflecting notable innovations that have reshaped its landscape.

  • Introduction Of New Gold-Filled and Rolled Gold Plate Products: Manufacturers in the Gold Filled & Rolled Gold Plate (Manufacturing) industry in the USA have been introducing new products to meet the changing demands of consumers. For example, some manufacturers have introduced gold-filled and rolled gold plate products that are more durable and scratch-resistant than traditional products.
  • Adoption Of New Technologies: The industry has been adopting new technologies to improve the efficiency of the manufacturing process and reduce costs. For example, some manufacturers have started using computer-aided design (CAD) software to design and produce gold-filled and rolled gold plate products.
  • Expansion Of Production Capacity: Some manufacturers in the industry have been expanding their production capacity to meet the growing demand for gold-filled and rolled gold plate products. For example, some manufacturers have invested in new equipment and facilities to increase their production capacity.
  • Collaboration with Other Industries: Some manufacturers in the industry have been collaborating with other industries to develop new products and applications for gold-filled and rolled gold plate products. For example, some manufacturers have collaborated with the electronics industry to develop gold-filled and rolled gold plate products for use in electronic devices.
  • Focus on Sustainability: The industry has been focusing on sustainability by using recycled materials and reducing waste in the manufacturing process. For example, some manufacturers have started using recycled gold in the production of gold-filled and rolled gold plate products.

NAICS Code 331491-02 - Gold Filled & Rolled Gold Plate (Manufacturing)

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