NAICS Code 423940-17 - Jewelry Findings (Wholesale)

Marketing Level - NAICS 8-Digit

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Total Companies

12

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NAICS Code 423940-17 Description (8-Digit)

Jewelry Findings (Wholesale) is a subdivision of the NAICS Code 423940 that involves the wholesale distribution of various components and parts used in the production of jewelry. These components include clasps, earring backs, jump rings, pins, and other small parts that are used to assemble jewelry pieces. Jewelry Findings (Wholesale) companies typically sell their products to jewelry manufacturers, designers, and retailers who use these components to create a range of jewelry items such as necklaces, bracelets, earrings, and rings.

Hierarchy Navigation for NAICS Code 423940-17

Tools

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

  • Pliers (round nose, chain nose, flat nose)
  • Wire cutters
  • Beading needles
  • Crimping pliers
  • Tweezers
  • Jewelry hammers
  • Mandrels
  • Hole punch pliers
  • Jewelry saws
  • Metal files

Industry Examples of Jewelry Findings (Wholesale)

Common products and services typical of NAICS Code 423940-17, illustrating the main business activities and contributions to the market.

  • Clasps
  • Earring backs
  • Jump rings
  • Pins
  • Headpins
  • Eye pins
  • Bails
  • Spacer beads
  • Crimp beads
  • Bead caps

Certifications, Compliance and Licenses for NAICS Code 423940-17 - Jewelry Findings (Wholesale)

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

  • Conflict-Free Sourcing Initiative (CFSI): This certification ensures that the jewelry findings are ethically sourced and do not contribute to human rights abuses or environmental damage. The CFSI is a multi-stakeholder initiative that provides independent third-party audits to ensure compliance.
  • Responsible Jewellery Council (RJC) Certification: This certification ensures that the jewelry findings are responsibly sourced and produced, and that the company adheres to ethical, social, and environmental standards. The RJC is an international organization that provides certification and accreditation to companies in the jewelry industry.
  • Occupational Safety and Health Administration (OSHA) Certification: This certification ensures that the company complies with OSHA regulations for workplace safety and health. OSHA is a federal agency that sets and enforces safety and health standards for workplaces in the US.
  • Environmental Protection Agency (EPA) Certification: This certification ensures that the company complies with EPA regulations for environmental protection. The EPA is a federal agency that sets and enforces environmental standards for businesses in the US.
  • National Association Of Jewelry Appraisers (NAJA) Certification: This certification ensures that the company has qualified appraisers who can accurately assess the value of jewelry findings. The NAJA is a professional organization that provides education and certification for jewelry appraisers.

History

A concise historical narrative of NAICS Code 423940-17 covering global milestones and recent developments within the United States.

  • The history of the Jewelry Findings (Wholesale) industry dates back to the early 19th century when the demand for jewelry increased, and the need for jewelry findings arose. The first jewelry findings were made of gold and silver, and they were used to hold precious stones in place. In the 20th century, the industry saw significant growth due to the introduction of new materials such as stainless steel, titanium, and tungsten. The industry also saw the introduction of new technologies such as computer-aided design (CAD) and 3D printing, which made it easier to create intricate designs. In recent years, the industry has seen a rise in demand for eco-friendly and sustainable jewelry findings, which has led to the development of new materials such as recycled gold and silver, and lab-grown diamonds. In the United States, the Jewelry Findings (Wholesale) industry has seen steady growth over the past few decades. The industry has benefited from the rise of e-commerce, which has made it easier for wholesalers to reach a wider audience. The industry has also seen a rise in demand for customized jewelry findings, which has led to the development of new technologies such as laser cutting and engraving. In recent years, the industry has faced challenges due to the COVID-19 pandemic, which has led to a decline in demand for luxury goods. However, the industry is expected to recover in the coming years as the economy recovers and consumer confidence returns.

Future Outlook for Jewelry Findings (Wholesale)

The anticipated future trajectory of the NAICS 423940-17 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 Findings (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for jewelry findings from the jewelry manufacturing industry. The rise in disposable income and changing fashion trends are also expected to drive the growth of the industry. Additionally, the increasing popularity of online shopping is expected to boost the sales of jewelry findings. However, the industry may face challenges due to the increasing competition from low-cost imports and the volatility of metal prices. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 423940-17

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

  • 3D Printing: The use of 3D printing technology has revolutionized the jewelry findings industry. It has made the production process faster, more efficient, and cost-effective.
  • Smart Jewelry: The introduction of smart jewelry has opened up new opportunities for the jewelry findings industry. Smart jewelry is embedded with sensors and other electronic components that can track fitness, monitor health, and perform other functions.
  • Sustainable Materials: The use of sustainable materials such as recycled metals and ethically sourced gemstones has become increasingly popular in the jewelry industry. This trend has also impacted the jewelry findings industry, with many wholesalers now offering eco-friendly options.
  • Customization: The trend towards personalized jewelry has led to an increase in demand for customized jewelry findings. Many wholesalers now offer a range of customization options to meet this demand.
  • Online Sales: The growth of e-commerce has had a significant impact on the jewelry findings industry. Many wholesalers now offer online sales, making it easier for retailers to purchase products and for consumers to access a wider range of products.

NAICS Code 423940-17 - Jewelry Findings (Wholesale)

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