NAICS Code 423940-12 - Jewelers (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 423940-12
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NAICS Code 423940-12 Description (8-Digit)

Jewelers (Wholesale) are businesses that specialize in the distribution of jewelry, watches, precious stones, and precious metals to retailers, manufacturers, and other businesses. These wholesalers purchase their products from manufacturers and importers and then sell them in bulk to retailers at a discounted price. Jewelers (Wholesale) are responsible for maintaining a large inventory of products, ensuring that they are of high quality, and providing excellent customer service to their clients.

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 423940 page

Tools

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

  • Diamond testers
  • Gemological microscopes
  • Jewelry scales
  • Loupes
  • Polishing cloths
  • Ring sizing tools
  • Ultrasonic cleaners
  • Jewelry pliers
  • Jewelry hammers
  • Jewelry saws
  • Engraving machines
  • Jewelry drills
  • Jewelry files
  • Jewelry tweezers
  • Jewelry soldering tools
  • Jewelry casting equipment
  • Jewelry polishing machines
  • Jewelry steam cleaners
  • Jewelry ultrasonic machines
  • Jewelry tumblers

Industry Examples of Jewelers (Wholesale)

Common products and services typical of NAICS Code 423940-12, illustrating the main business activities and contributions to the market.

  • Diamond rings
  • Gold necklaces
  • Silver bracelets
  • Pearl earrings
  • Gemstone pendants
  • Platinum wedding bands
  • Diamond tennis bracelets
  • Sterling silver anklets
  • Rose gold hoop earrings
  • White gold engagement rings
  • Sapphire stud earrings
  • Emerald pendant necklaces
  • Ruby brooches
  • Diamond cufflinks
  • Gold bangles
  • Silver lockets
  • Diamond solitaire necklaces
  • Gemstone cocktail rings
  • Platinum eternity bands
  • Diamond chandelier earrings

History

A concise historical narrative of NAICS Code 423940-12 covering global milestones and recent developments within the United States.

  • The wholesale jewelry industry has a long and rich history dating back to ancient times. The first recorded use of jewelry dates back to ancient Egypt, where it was used as a symbol of wealth and status. In the Middle Ages, jewelry was used as a form of currency and was often traded for goods and services. During the Renaissance, jewelry became more ornate and intricate, with precious stones and metals being used to create elaborate designs. In the 19th century, the discovery of new sources of precious metals and gemstones led to an increase in the production of jewelry. In the United States, the wholesale jewelry industry began to flourish in the early 20th century, with New York City becoming a hub for jewelry wholesalers. Today, the industry continues to evolve, with new technologies and materials being used to create innovative designs and products. In recent history, the wholesale jewelry industry in the United States has faced a number of challenges. The rise of e-commerce has led to increased competition from online retailers, while changing consumer preferences have led to a shift away from traditional jewelry designs. However, the industry has also seen a number of positive developments, including the use of new materials such as lab-grown diamonds and the adoption of sustainable and ethical practices. Overall, the wholesale jewelry industry in the United States remains a dynamic and evolving sector, with a rich history and a promising future.