NAICS Code 423830-41 - Lapidary Equipment & Supplies (Wholesale)

Marketing Level - NAICS 8-Digit

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Total Companies

12

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NAICS Code 423830-41 Description (8-Digit)

Lapidary Equipment & Supplies (Wholesale) is a subdivision of the Industrial Machinery and Equipment Merchant Wholesalers industry. This industry involves the wholesale distribution of equipment and supplies used in the cutting, polishing, and engraving of precious and semi-precious stones. Lapidary Equipment & Supplies (Wholesale) companies provide a range of products to lapidary artists, jewelry makers, and gemstone enthusiasts.

Hierarchy Navigation for NAICS Code 423830-41

Tools

Tools commonly used in the Lapidary Equipment & Supplies (Wholesale) industry for day-to-day tasks and operations.

  • Diamond saw blades
  • Grinding wheels
  • Polishing pads
  • Tumblers
  • Faceting machines
  • Cabbing machines
  • Diamond drills
  • Lapidary saws
  • Diamond files
  • Dop sticks

Industry Examples of Lapidary Equipment & Supplies (Wholesale)

Common products and services typical of NAICS Code 423830-41, illustrating the main business activities and contributions to the market.

  • Gemstone cutting equipment
  • Lapidary supplies
  • Rock tumblers
  • Jewelry making tools
  • Diamond saw blades
  • Polishing compounds
  • Faceting machines
  • Cabochon machines
  • Lapidary saws
  • Diamond drills

Certifications, Compliance and Licenses for NAICS Code 423830-41 - Lapidary Equipment & Supplies (Wholesale)

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

  • Occupational Safety and Health Administration (OSHA) Certification: This certification is required for workers who handle hazardous materials and equipment. It ensures that workers are trained to handle hazardous materials safely and that they are aware of the risks associated with their work. The certification is provided by the Occupational Safety and Health Administration (OSHA).
  • National Institute for Occupational Safety and Health (NIOSH) Certification: This certification is required for workers who work with respiratory protection equipment. It ensures that workers are trained to use respiratory protection equipment safely and that they are aware of the risks associated with their work. The certification is provided by the National Institute for Occupational Safety and Health (NIOSH).
  • Environmental Protection Agency (EPA) Certification: This certification is required for workers who handle refrigerants. It ensures that workers are trained to handle refrigerants safely and that they are aware of the risks associated with their work. The certification is provided by the Environmental Protection Agency (EPA).
  • National Fire Protection Association (NFPA) Certification: This certification is required for workers who handle fire protection equipment. It ensures that workers are trained to use fire protection equipment safely and that they are aware of the risks associated with their work. The certification is provided by the National Fire Protection Association (NFPA).
  • International Organization for Standardization (ISO) Certification: This certification is not specific to the US but is recognized worldwide. It ensures that a company's products and services meet international standards for quality, safety, and efficiency. The certification is provided by the International Organization for Standardization (ISO).

History

A concise historical narrative of NAICS Code 423830-41 covering global milestones and recent developments within the United States.

  • The Lapidary Equipment & Supplies (Wholesale) industry has a long history dating back to ancient times when gemstones were first discovered and used for decorative purposes. The ancient Egyptians, Greeks, and Romans were known to use lapidary techniques to create intricate jewelry and decorative objects. In the Middle Ages, lapidary work became more widespread, and guilds were formed to regulate the trade. During the Renaissance, lapidary work reached new heights of sophistication, with artisans using advanced techniques to create intricate gemstone carvings and engravings. In the United States, the lapidary industry began to take shape in the late 19th century, with the establishment of lapidary clubs and societies. In the early 20th century, lapidary work became more accessible to the general public, with the development of new tools and techniques that made it easier to cut and polish gemstones. Recent history of the Lapidary Equipment & Supplies (Wholesale) industry in the United States has been marked by a growing interest in lapidary work as a hobby. The rise of the internet has made it easier for hobbyists to connect with one another and share information about lapidary techniques and equipment. In recent years, there has also been a growing interest in lapidary work as a form of therapy, with many people turning to gemstone meditation and other forms of alternative healing. Despite the challenges posed by the COVID-19 pandemic, the lapidary industry has remained resilient, with many businesses adapting to the new normal by offering online sales and virtual classes.

Future Outlook for Lapidary Equipment & Supplies (Wholesale)

The anticipated future trajectory of the NAICS 423830-41 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 Lapidary Equipment & Supplies (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for gemstones and minerals in the jewelry industry. The growing popularity of lapidary as a hobby is also expected to contribute to the growth of the industry. Additionally, the increasing use of lapidary equipment in the construction industry for cutting and polishing stones is expected to drive demand for lapidary equipment and supplies. The industry is also expected to benefit from the increasing adoption of e-commerce platforms, which will make it easier for wholesalers to reach a wider customer base. However, the industry may face challenges due to the increasing competition from low-cost imports from countries like China and India.

Industry Innovations for NAICS Code 423830-41

Recent groundbreaking advancements and milestones in the Lapidary Equipment & Supplies (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Introduction Of New Lapidary Equipment That Is More Efficient and Cost-Effective: Manufacturers are introducing new lapidary equipment that is more efficient and cost-effective. For example, some manufacturers are introducing new diamond saw blades that are more durable and can cut through harder materials, reducing the need for frequent blade replacements.
  • Increasing Use Of Automation In Lapidary Equipment: Automation is being increasingly used in lapidary equipment to improve efficiency and reduce labor costs. For example, some manufacturers are introducing automated gemstone cutting machines that can cut and polish stones with minimal human intervention.
  • Growing Popularity Of Lapidary As a Hobby: The growing popularity of lapidary as a hobby is driving demand for lapidary equipment and supplies. More people are taking up lapidary as a hobby, which is driving demand for lapidary equipment and supplies.
  • Increasing Adoption Of E-Commerce Platforms: The increasing adoption of e-commerce platforms is making it easier for wholesalers to reach a wider customer base. Wholesalers can now sell their products online, which is helping them reach customers who are located in remote areas.
  • Growing Demand for Lapidary Equipment In the Construction Industry: The increasing use of lapidary equipment in the construction industry for cutting and polishing stones is driving demand for lapidary equipment and supplies. The construction industry is using lapidary equipment to cut and polish stones for use in building facades, countertops, and other applications.

NAICS Code 423830-41 - Lapidary Equipment & Supplies (Wholesale)

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