NAICS Code 458310-04 - Diamond Setters (Retail)

Marketing Level - NAICS 8-Digit

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NAICS CODE 458310-04
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NAICS Code 458310-04 Description (8-Digit)

Diamond Setters (Retail) is a subdivision of the Jewelry Retailers industry that specializes in setting diamonds into jewelry pieces. This industry involves the process of carefully placing diamonds into various types of jewelry, such as rings, necklaces, bracelets, and earrings. Diamond Setters (Retail) work with a variety of diamond shapes and sizes, and must have a keen eye for detail to ensure that each diamond is set securely and in the correct position.

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 458310 page

Tools

Tools commonly used in the Diamond Setters (Retail) industry for day-to-day tasks and operations.

  • Diamond tweezers
  • Diamond holder
  • Diamond scoop
  • Diamond loupe
  • Diamond cutting pliers
  • Diamond polishing wheel
  • Diamond burr
  • Diamond drill bit
  • Diamond saw blade
  • Diamond file

Industry Examples of Diamond Setters (Retail)

Common products and services typical of NAICS Code 458310-04, illustrating the main business activities and contributions to the market.

  • Diamond engagement rings
  • Diamond stud earrings
  • Diamond tennis bracelets
  • Diamond pendant necklaces
  • Diamond wedding bands
  • Diamond anniversary gifts
  • Diamond fashion jewelry
  • Diamond birthstone jewelry
  • Diamond statement pieces
  • Diamond heirloom pieces

History

A concise historical narrative of NAICS Code 458310-04 covering global milestones and recent developments within the United States.

  • The history of the Diamond Setters (Retail) industry dates back to the 15th century when diamonds were first discovered in India. The industry has since grown to become a global market, with notable advancements in diamond cutting and polishing techniques. In the 19th century, the discovery of diamond mines in South Africa led to a significant increase in the supply of diamonds, which in turn led to a decrease in their value. However, the industry was revolutionized in the 20th century with the introduction of the De Beers Group's marketing campaign, which created a demand for diamonds as a symbol of love and commitment. In recent years, the industry has seen a shift towards ethically sourced diamonds, with companies like Tiffany & Co. and Brilliant Earth leading the way in sustainable and responsible sourcing practices. In the United States, the Diamond Setters (Retail) industry has a rich history dating back to the 1800s. The industry saw significant growth in the early 1900s with the establishment of diamond cutting and polishing centers in New York City. The industry was further revolutionized in the mid-20th century with the introduction of the American Gem Society's diamond grading system, which standardized the way diamonds were evaluated and priced. In recent years, the industry has seen a shift towards online sales, with companies like Blue Nile and James Allen offering consumers the ability to purchase diamonds online. Additionally, the industry has seen a growing demand for lab-grown diamonds as a more affordable and sustainable alternative to mined diamonds.