NAICS Code 423940-21 - Pearls (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 423940-21
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NAICS Code 423940-21 Description (8-Digit)

The Pearls (Wholesale) industry involves the distribution of pearls to retailers, jewelers, and other businesses that specialize in the sale of jewelry. This industry includes wholesalers that import, export, and distribute pearls of various types, sizes, and colors. The pearls can be freshwater, saltwater, or cultured, and can be sold in bulk or as individual pieces. The industry also includes wholesalers that provide services such as grading, sorting, and drilling of pearls.

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

  • Pearl grading equipment
  • Pearl sorting machines
  • Pearl drilling machines
  • Calipers
  • Microscopes
  • Scales
  • Tweezers
  • Pliers
  • Loupes
  • Ultrasonic cleaners

Industry Examples of Pearls (Wholesale)

Common products and services typical of NAICS Code 423940-21, illustrating the main business activities and contributions to the market.

  • Freshwater pearls
  • Saltwater pearls
  • Cultured pearls
  • Akoya pearls
  • Tahitian pearls
  • South Sea pearls
  • Baroque pearls
  • Round pearls
  • Button pearls
  • Coin pearls

History

A concise historical narrative of NAICS Code 423940-21 covering global milestones and recent developments within the United States.

  • The pearl trade has been around for thousands of years, with evidence of pearl jewelry dating back to ancient civilizations such as the Greeks, Romans, and Egyptians. In the 16th century, the discovery of pearls in the Americas led to a boom in the pearl trade, with pearls becoming a symbol of wealth and status. The development of cultured pearls in the early 20th century revolutionized the industry, making pearls more affordable and accessible to the general public. In recent years, the demand for pearls has remained steady, with a growing interest in sustainably sourced and ethically produced pearls. In the United States, the pearl industry has a long history, with the first pearl farm established in the early 1900s in California. The industry grew rapidly in the mid-20th century, with the establishment of pearl farms in Hawaii and the Gulf of Mexico. However, the industry faced challenges in the 1990s due to overfishing and pollution, leading to a decline in production. In recent years, the industry has seen a resurgence, with a focus on sustainable and environmentally friendly practices.