NAICS Code 423940-14 - Jewelry Castings (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 423940-14 Description (8-Digit)

Jewelry Castings (Wholesale) is a subdivision of the NAICS Code 423940 that involves the wholesale distribution of jewelry castings. Jewelry castings are metal pieces that are created by pouring molten metal into a mold. These castings are then used to create a range of jewelry items such as rings, necklaces, bracelets, and earrings. The wholesale distribution of jewelry castings involves the sale of these metal pieces to jewelry manufacturers, designers, and retailers.

Hierarchy Navigation for NAICS Code 423940-14

Tools

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

  • Casting machines
  • Wax injectors
  • Burnout ovens
  • Centrifugal casting machines
  • Vacuum casting machines
  • Investment powders
  • Crucibles
  • Tongs
  • Sprue cutters
  • Polishing machines

Industry Examples of Jewelry Castings (Wholesale)

Common products and services typical of NAICS Code 423940-14, illustrating the main business activities and contributions to the market.

  • Gold castings
  • Silver castings
  • Bronze castings
  • Brass castings
  • Copper castings
  • Pewter castings
  • White gold castings
  • Rose gold castings
  • Platinum castings
  • Palladium castings

Certifications, Compliance and Licenses for NAICS Code 423940-14 - Jewelry Castings (Wholesale)

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

  • Conflict-Free Sourcing Initiative (CFSI): The CFSI is an organization that provides a Conflict Minerals Reporting Template (CMRT) to help companies identify and report on the use of conflict minerals in their supply chains. Conflict minerals include tin, tungsten, tantalum, and gold, which are often used in jewelry production. Jewelry Castings (Wholesale) companies may need to comply with the CFSI if they use these minerals in their products.
  • Responsible Jewellery Council (RJC) Certification: The RJC is an organization that provides a certification program for jewelry companies that meet their ethical, social, and environmental standards. Jewelry Castings (Wholesale) companies may seek RJC certification to demonstrate their commitment to responsible business practices.
  • Occupational Safety and Health Administration (OSHA) Certification: OSHA is a government agency that sets and enforces safety standards in the workplace. Jewelry Castings (Wholesale) companies may need to obtain OSHA certification to ensure that their facilities and processes meet OSHA standards for worker safety.
  • Environmental Protection Agency (EPA) Certification: The EPA is a government agency that sets and enforces environmental standards. Jewelry Castings (Wholesale) companies may need to obtain EPA certification to ensure that their facilities and processes meet EPA standards for environmental protection.
  • National Association Of Jewelry Appraisers (NAJA) Certification: The NAJA is an organization that provides certification for jewelry appraisers. Jewelry Castings (Wholesale) companies may need to employ certified appraisers to accurately value their products for insurance or other purposes.
  • Gemological Institute Of America (GIA) Certification: The GIA is an organization that provides certification for gemstones and diamonds. Jewelry Castings (Wholesale) companies may need to obtain GIA certification for their products to ensure that they are accurately graded and valued.
  • International Organization for Standardization (ISO) Certification: The ISO is an organization that provides certification for quality management systems. Jewelry Castings (Wholesale) companies may seek ISO certification to demonstrate their commitment to quality and continuous improvement.
  • Fairtrade Certification: Fairtrade is an organization that provides certification for products that meet their ethical and social standards. Jewelry Castings (Wholesale) companies may seek Fairtrade certification to demonstrate their commitment to fair labor practices and sustainable sourcing.
  • Kimberley Process Certification Scheme (KPCS): The KPCS is an international certification scheme that aims to prevent the trade of conflict diamonds. Jewelry Castings (Wholesale) companies may need to comply with the KPCS if they deal in diamonds to ensure that their products are ethically sourced.
  • Responsible Minerals Initiative (RMI) Certification: The RMI is an organization that provides a certification program for companies that use minerals in their products. Jewelry Castings (Wholesale) companies may seek RMI certification to demonstrate their commitment to responsible mineral sourcing.
  • International Gemological Institute (IGI) Certification: The IGI is an organization that provides certification for diamonds, gemstones, and jewelry. Jewelry Castings (Wholesale) companies may need to obtain IGI certification for their products to ensure that they are accurately graded and valued.
  • Jewelers Of America (JA) Certification: The JA is an organization that provides certification for jewelry companies that meet their ethical and business standards. Jewelry Castings (Wholesale) companies may seek JA certification to demonstrate their commitment to responsible business practices.
  • Jewelers Vigilance Committee (JVC) Certification: The JVC is an organization that provides certification for jewelry companies that meet their ethical and legal standards. Jewelry Castings (Wholesale) companies may seek JVC certification to demonstrate their commitment to legal compliance and responsible business practices.
  • International Council Of Mining and Metals (ICMM) Certification: The ICMM is an organization that provides certification for mining companies that meet their ethical and environmental standards. Jewelry Castings (Wholesale) companies may seek ICMM certification to ensure that their mineral suppliers meet these standards.
  • Responsible Mica Initiative (RMI) Certification: The RMI is an organization that provides certification for companies that use mica in their products. Jewelry Castings (Wholesale) companies may seek RMI certification to demonstrate their commitment to responsible mica sourcing.
  • Responsible Steel Certification: The Responsible Steel certification is a standard for responsible steel production. Jewelry Castings (Wholesale) companies may seek Responsible Steel certification to ensure that their steel suppliers meet ethical and environmental standards.
  • Responsible Jewellery Practices (RJP) Certification: The RJP is an organization that provides certification for jewelry companies that meet their ethical, social, and environmental standards. Jewelry Castings (Wholesale) companies may seek RJP certification to demonstrate their commitment to responsible business practices.
  • Alliance for Responsible Mining (ARM) Certification: The ARM is an organization that provides certification for small-scale and artisanal mining operations that meet their ethical and environmental standards. Jewelry Castings (Wholesale) companies may seek ARM certification to ensure that their mineral suppliers meet these standards.
  • Fairmined Certification: Fairmined is an organization that provides certification for products that meet their ethical and social standards. Jewelry Castings (Wholesale) companies may seek Fairmined certification to demonstrate their commitment to fair labor practices and sustainable sourcing.

History

A concise historical narrative of NAICS Code 423940-14 covering global milestones and recent developments within the United States.

  • The history of the Jewelry Castings (Wholesale) industry dates back to ancient times when jewelry was made by hand. The first casting techniques were developed in the 4th century BC in Greece, where they used the lost-wax casting method. In the 14th century, the process of sand casting was developed in China, which allowed for the mass production of jewelry. In the 19th century, the invention of the centrifugal casting machine revolutionized the industry, allowing for the production of more intricate designs. In the United States, the industry began to grow in the early 20th century, with the establishment of companies such as the William Schickardt Company in 1903, which specialized in the production of jewelry castings. Today, the industry continues to evolve with the use of new technologies such as 3D printing and computer-aided design (CAD) software, which have made the production of jewelry castings faster and more efficient. Recent history in the United States has been marked by a growing demand for custom jewelry and personalized designs. The rise of e-commerce has also had a significant impact on the industry, with many wholesalers now selling their products online. In recent years, there has been a trend towards sustainable and ethical jewelry, with many consumers seeking out products that are made from recycled materials or produced in an environmentally friendly way. The COVID-19 pandemic has also had an impact on the industry, with many wholesalers experiencing a decline in sales due to the closure of retail stores and a decrease in consumer spending. Despite these challenges, the industry is expected to rebound in the coming years, driven by a growing demand for unique and personalized jewelry designs.

Future Outlook for Jewelry Castings (Wholesale)

The anticipated future trajectory of the NAICS 423940-14 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 Jewelry Castings (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for jewelry products. The rise in disposable income and the growing popularity of online shopping are some of the factors that are expected to drive the growth of the industry. Additionally, the increasing demand for customized jewelry products is also expected to boost the industry's growth. However, the industry may face challenges due to the increasing competition from low-cost imports and the rising prices of precious metals. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 423940-14

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

  • Investment In 3D Printing Technology: The use of 3D printing technology has revolutionized the jewelry industry. Jewelry Castings (Wholesale) companies are investing in 3D printing technology to create intricate designs and reduce the time and cost of production.
  • Use Of CAD Software: The use of Computer-Aided Design (CAD) software has made it easier for designers to create complex designs. Jewelry Castings (Wholesale) companies are using CAD software to create unique designs and improve the efficiency of the production process.
  • Introduction Of New Materials: Jewelry Castings (Wholesale) companies are introducing new materials such as titanium, tungsten, and ceramic to create unique and durable jewelry products.
  • Expansion Of Online Sales Channels: Jewelry Castings (Wholesale) companies are expanding their online sales channels to reach a wider audience. The use of e-commerce platforms has made it easier for companies to sell their products to customers across the country.
  • Focus on Sustainability: Jewelry Castings (Wholesale) companies are focusing on sustainability by using recycled materials and reducing waste. This has helped companies to reduce their environmental impact and improve their brand image.

NAICS Code 423940-14 - Jewelry Castings (Wholesale)

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