NAICS Code 423940-23 - Precious/Semi-Prcs/Synthetic Stns (Wholesale)

Marketing Level - NAICS 8-Digit

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Looking for more companies? See NAICS 423940 - Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers - 2,350 companies, 8,237 emails.

NAICS Code 423940-23 Description (8-Digit)

The Precious/Semi-Prcs/Synthetic Stns (Wholesale) industry involves the wholesale distribution of precious stones, semi-precious stones, and synthetic stones. These stones are used in a variety of applications, including jewelry making, industrial processes, and scientific research. Companies in this industry purchase stones from mines, manufacturers, and other sources, and then sell them to retailers, manufacturers, and other businesses.

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 Precious/Semi-Prcs/Synthetic Stns (Wholesale) industry for day-to-day tasks and operations.

  • Gemological microscope
  • Diamond tester
  • Refractometer
  • Spectroscope
  • Loupe
  • Digital caliper
  • Ultrasonic cleaner
  • Diamond scale
  • Polishing machine
  • Faceting machine
  • Laser welder
  • Wax injector
  • Casting machine
  • Engraving machine
  • Computer-aided design (CAD) software
  • 3D printer
  • Jewelry saw
  • Jewelry pliers
  • Jewelry files

Industry Examples of Precious/Semi-Prcs/Synthetic Stns (Wholesale)

Common products and services typical of NAICS Code 423940-23, illustrating the main business activities and contributions to the market.

  • Wholesale diamond distributors
  • Wholesale gemstone distributors
  • Wholesale synthetic stone distributors
  • Wholesale jewelry component distributors
  • Wholesale lapidary equipment distributors
  • Wholesale jewelry making supplies distributors
  • Wholesale industrial diamond distributors
  • Wholesale scientific research stone distributors
  • Wholesale stone cutting and polishing equipment distributors
  • Wholesale stone cleaning and maintenance equipment distributors

History

A concise historical narrative of NAICS Code 423940-23 covering global milestones and recent developments within the United States.

  • The history of the Precious/Semi-Prcs/Synthetic Stns (Wholesale) industry dates back to ancient times when precious stones and metals were used as currency and for adornment. The industry has seen significant milestones, including the discovery of new sources of precious stones and metals, the development of new cutting and polishing techniques, and the introduction of synthetic stones. In the United States, the industry experienced significant growth during the California Gold Rush in the mid-19th century, and the establishment of the Gemological Institute of America in 1931, which standardized the grading of diamonds. In recent years, the industry has seen advancements in technology, such as the use of 3D printing to create jewelry designs and the development of blockchain technology to track the origin of precious stones and metals.