NAICS Code 423840-15 - Diamonds-Industrial (Wholesale)

Marketing Level - NAICS 8-Digit

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Contact Emails: 85
Company Websites: 8
Phone Numbers: 13
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NAICS CODE 423840-15
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NAICS Code 423840-15 Description (8-Digit)

The Diamonds-Industrial (Wholesale) industry involves the wholesale distribution of industrial diamonds, which are used in various industries such as construction, mining, and manufacturing. These diamonds are typically synthetic and are used for cutting, grinding, and polishing hard materials such as stone, concrete, and metal. The industry also includes the distribution of diamond tools and equipment used for cutting and shaping these materials.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 423840 page

Tools

Tools commonly used in the Diamonds-Industrial (Wholesale) industry for day-to-day tasks and operations.

  • Diamond saw blades
  • Diamond grinding wheels
  • Diamond drill bits
  • Diamond wire saws
  • Diamond polishing pads
  • Diamond core bits
  • Diamond cup wheels
  • Diamond hand pads
  • Diamond chain saws
  • Diamond wire loops

Industry Examples of Diamonds-Industrial (Wholesale)

Common products and services typical of NAICS Code 423840-15, illustrating the main business activities and contributions to the market.

  • Diamond cutting tools
  • Diamond grinding tools
  • Diamond polishing tools
  • Diamond wire saws
  • Diamond core drilling equipment
  • Diamond abrasive wheels
  • Diamond cutting blades
  • Diamond sawing equipment
  • Diamond polishing pads
  • Diamond wire loops

History

A concise historical narrative of NAICS Code 423840-15 covering global milestones and recent developments within the United States.

  • The industrial diamond industry has a long history dating back to the 15th century when diamonds were first used for polishing and cutting tools. In the 18th century, the discovery of diamond deposits in Brazil led to a significant increase in the supply of industrial diamonds. The industry continued to grow in the 19th century with the discovery of diamond deposits in South Africa, which led to the establishment of large-scale diamond mines. In the 20th century, the development of synthetic diamonds and the use of diamond coatings for electronic components and cutting tools further expanded the industry. In recent years, the demand for industrial diamonds has increased due to the growth of the electronics and automotive industries. In the United States, the industrial diamond industry has a more recent history. In the 1930s, General Electric developed a process for producing synthetic diamonds, which led to the establishment of the first synthetic diamond manufacturing plant in the US. During World War II, the US government invested in the development of synthetic diamonds for military applications. In the post-war period, the use of synthetic diamonds expanded to a range of industrial applications, including cutting tools, abrasives, and electronic components. Today, the US is a major producer and consumer of industrial diamonds, with a significant portion of the industry focused on the wholesale distribution of diamonds for industrial use.