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NAICS Code 458310-11 Description (8-Digit)

Jewelers (Retail) are businesses that specialize in the sale of jewelry items to consumers. These businesses typically offer a wide range of jewelry items, including rings, necklaces, bracelets, earrings, and watches. Jewelers (Retail) may also offer repair services for damaged jewelry items, as well as custom design services for customers who want a unique piece of jewelry.

Hierarchy Navigation for NAICS Code 458310-11

Parent Code (less specific)

Tools

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

  • Jewelry pliers
  • Jewelry saw
  • Jewelry files
  • Jewelry hammers
  • Jewelry mandrels
  • Jewelry torches
  • Jewelry soldering tools
  • Jewelry polishing tools
  • Jewelry engraving tools
  • Jewelry scales

Industry Examples of Jewelers (Retail)

Common products and services typical of NAICS Code 458310-11, illustrating the main business activities and contributions to the market.

  • Engagement rings
  • Wedding bands
  • Diamond earrings
  • Gold necklaces
  • Silver bracelets
  • Pearl jewelry
  • Luxury watches
  • Birthstone jewelry
  • Religious jewelry
  • Fashion jewelry

Certifications, Compliance and Licenses for NAICS Code 458310-11 - Jewelers (Retail)

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

  • Gemological Institute Of America (GIA) Certification: This certification is required for jewelers who want to grade diamonds and other gemstones. The GIA is a nonprofit organization that provides education and research in gemology. The certification ensures that the jeweler has the knowledge and skills to accurately grade and identify gemstones.
  • Jewelers Of America (JA) Certification: This certification is offered by the Jewelers of America organization and is designed to ensure that jewelers have the necessary knowledge and skills to provide high-quality customer service. The certification covers topics such as sales, customer service, and product knowledge.
  • Responsible Jewellery Council (RJC) Certification: This certification is designed to ensure that jewelers are operating in an ethical and sustainable manner. The certification covers topics such as human rights, labor rights, environmental impact, and product disclosure.
  • Jewelers Vigilance Committee (JVC) Compliance: The JVC is a nonprofit organization that provides education and guidance on legal and ethical issues in the jewelry industry. Compliance with JVC guidelines ensures that jewelers are operating in a legal and ethical manner.
  • Occupational Safety and Health Administration (OSHA) Compliance: OSHA is a federal agency that sets and enforces safety standards in the workplace. Compliance with OSHA regulations ensures that jewelers are providing a safe working environment for their employees.

History

A concise historical narrative of NAICS Code 458310-11 covering global milestones and recent developments within the United States.

  • The history of the "Jewelers (Retail)" industry dates back to ancient times when jewelry was used as a symbol of wealth and status. The first recorded jewelry pieces were made in Egypt around 3,000 BC. In the Middle Ages, jewelry was used as a form of currency and was often traded for goods and services. During the Renaissance, jewelry became more intricate and was often used to display artistic and technical skills. In the 19th century, the discovery of diamonds in South Africa led to an increase in the production of diamond jewelry. In the United States, the industry experienced significant growth in the 20th century, with the rise of department stores and the introduction of new materials and designs. In recent history, the "Jewelers (Retail)" industry in the United States has faced challenges due to the rise of e-commerce and changing consumer preferences. However, the industry has also seen growth in certain segments, such as custom-made and vintage jewelry. The industry has adapted to these changes by offering online sales and personalized services. Overall, the industry has a rich history and continues to evolve with the changing times.

Future Outlook for Jewelers (Retail)

The anticipated future trajectory of the NAICS 458310-11 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 Jewelers (Retail) industry in the USA is positive. The industry is expected to grow at a steady pace due to the increasing demand for jewelry from consumers. The rise in disposable income and the growing popularity of online shopping are expected to drive the growth of the industry. Additionally, the industry is expected to benefit from the increasing demand for personalized and customized jewelry. However, the industry is also expected to face challenges such as rising competition from online retailers and changing consumer preferences. Overall, the industry is expected to continue to grow in the coming years.

Industry Innovations for NAICS Code 458310-11

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

  • Virtual Try-On Technology: Many jewelry retailers are now using virtual try-on technology to allow customers to try on jewelry virtually before making a purchase. This technology uses augmented reality to create a virtual image of the jewelry on the customer's body, allowing them to see how it looks before buying it.
  • Sustainable Jewelry: With the growing concern for the environment, many jewelry retailers are now offering sustainable jewelry made from recycled materials. This has become a popular trend among consumers who are looking for eco-friendly options.
  • Lab-Grown Diamonds: Lab-grown diamonds are becoming increasingly popular among consumers due to their ethical and sustainable nature. Many jewelry retailers are now offering lab-grown diamonds as an alternative to natural diamonds.
  • Personalized Jewelry: Personalized jewelry has become a popular trend among consumers. Many jewelry retailers are now offering customization options, allowing customers to create their own unique pieces of jewelry.
  • Online Sales: With the growing popularity of online shopping, many jewelry retailers are now focusing on their online sales channels. This has become an important area of growth for the industry, with many retailers investing in their e-commerce platforms to meet the growing demand for online shopping.

NAICS Code 458310-11 - Jewelers (Retail)

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