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

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

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

• Gemological Institute Of America (GIA) Certification: GIA is a nonprofit institute that provides education and research in the field of gemology and jewelry arts. Their certification program is recognized worldwide and covers topics such as diamond grading, colored stone identification, and jewelry design.
• Jewelers Of America (JA) Certification: JA is a national trade association for businesses serving the fine jewelry marketplace. They offer a certification program that covers topics such as jewelry product knowledge, sales, and customer service.
• Responsible Jewellery Council (RJC) Certification: RJC is a nonprofit organization that promotes responsible ethical, human rights, social, and environmental practices throughout the jewelry supply chain. Their certification program covers topics such as business ethics, labor rights, and environmental impact.
• Jewelers Vigilance Committee (JVC) Certification: JVC is a nonprofit trade association that provides legal compliance education and assistance to the jewelry industry. Their certification program covers topics such as anti-money laundering, anti-terrorism financing, and consumer protection.
• National Association Of Jewelry Appraisers (NAJA) Certification: NAJA is a professional association for jewelry appraisers. Their certification program covers topics such as gemstone identification, appraisal methodology, and report writing.

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.

The anticipated future trajectory of the NAICS 423940-12 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 Jewelers (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for jewelry and other precious stones and metals. The rise in disposable income and the growing popularity of online shopping are also expected to contribute to the growth of the industry. However, the industry may face challenges due to the increasing competition from online retailers and the changing consumer preferences. To stay competitive, the industry players may need to focus on innovation, product differentiation, and customer experience.

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

• Virtual Try-On Technology: Some jewelry wholesalers are using virtual try-on technology to allow customers to try on jewelry virtually before making a purchase. This technology uses augmented reality to create a virtual image of the jewelry on the customer's body, giving them a better idea of how the jewelry will look on them.
• Sustainable Jewelry: Many jewelry wholesalers are now focusing on sustainable and eco-friendly jewelry. They are using recycled metals and ethically sourced gemstones to create jewelry that is environmentally friendly and socially responsible.
• Customization: Some jewelry wholesalers are offering customization options to their customers. They allow customers to design their own jewelry by choosing the metal, gemstones, and design. This customization option gives customers a unique and personalized piece of jewelry.
• Online Marketplaces: Many jewelry wholesalers are now selling their products on online marketplaces such as Amazon and Etsy. This allows them to reach a wider audience and increase their sales.
• 3D Printing: Some jewelry wholesalers are using 3D printing technology to create jewelry. This technology allows them to create complex designs and prototypes quickly and efficiently.