NAICS Code 423940-13 - Jewelry Buyers (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 423940-13
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NAICS Code 423940-13 Description (8-Digit)

Jewelry Buyers (Wholesale) are companies that purchase jewelry in bulk from manufacturers or other wholesalers and then sell it to retailers or other businesses. These companies specialize in buying a wide range of jewelry items, including rings, necklaces, bracelets, and earrings, made from precious metals and stones. They may also purchase antique or vintage jewelry pieces. Jewelry Buyers (Wholesale) are responsible for evaluating the quality and authenticity of the jewelry they purchase, as well as negotiating prices with sellers.

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 Jewelry Buyers (Wholesale) industry for day-to-day tasks and operations.

  • Loupe
  • Diamond tester
  • Gold testing kit
  • Scale
  • Measuring tape
  • Jewelry cleaning solution
  • Polishing cloth
  • Jewelry pliers
  • Jewelry saw
  • Soldering iron

Industry Examples of Jewelry Buyers (Wholesale)

Common products and services typical of NAICS Code 423940-13, illustrating the main business activities and contributions to the market.

  • Diamond wholesalers
  • Estate jewelry buyers
  • Antique jewelry buyers
  • Precious metal buyers
  • Gemstone wholesalers
  • Vintage jewelry buyers
  • High-end jewelry wholesalers
  • Costume jewelry wholesalers
  • Bridal jewelry wholesalers
  • Fashion jewelry wholesalers

History

A concise historical narrative of NAICS Code 423940-13 covering global milestones and recent developments within the United States.

  • The jewelry industry has a long and rich history dating back to ancient times. The first recorded use of jewelry dates back to around 25,000 years ago when people used animal teeth, bones, and shells to create decorative pieces. In ancient Egypt, jewelry was a symbol of wealth and status, and it was often buried with the dead. During the Renaissance, jewelry became more elaborate and intricate, with precious stones and metals being used to create stunning pieces. In the United States, the jewelry industry began to flourish in the late 1800s, with the discovery of gold in California and the opening of the first Tiffany & Co. store in New York City. In the 20th century, the industry continued to grow, with new technologies and materials being used to create innovative designs. In recent history, the jewelry industry has faced a number of challenges, including economic downturns and changing consumer preferences. However, the industry has also seen significant growth in certain areas, such as online sales and custom designs. In the United States, the industry has been impacted by the rise of e-commerce and the increasing popularity of lab-grown diamonds. Despite these challenges, the jewelry industry remains an important part of the global economy, with millions of people employed in various roles across the supply chain.