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NAICS Code 458310-14 Description (8-Digit)

Opals (Retail) is a subdivision of the Jewelry Retailers industry that specializes in the retail of opal gemstones and opal jewelry. Opals are a unique gemstone that are known for their iridescent play of colors, making them a popular choice for jewelry. This industry involves the sale of opals in various forms, including loose stones, rings, necklaces, earrings, and bracelets. Opals (Retail) businesses may also offer opal-related services such as cleaning, repair, and customization.

Hierarchy Navigation for NAICS Code 458310-14

Parent Code (less specific)

Tools

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

  • Opal magnifying glass
  • Opal polishing cloth
  • Opal cutting machine
  • Opal measuring gauge
  • Opal sorting tray
  • Opal display case
  • Jewelry pliers
  • Jewelry wire cutters
  • Jewelry glue
  • Jewelry polishing machine

Industry Examples of Opals (Retail)

Common products and services typical of NAICS Code 458310-14, illustrating the main business activities and contributions to the market.

  • Opal rings
  • Opal necklaces
  • Opal earrings
  • Opal bracelets
  • Opal pendants
  • Opal brooches
  • Opal cufflinks
  • Opal tie pins
  • Opal hair accessories
  • Opal body jewelry

Certifications, Compliance and Licenses for NAICS Code 458310-14 - Opals (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 those who want to become a professional gemologist. It provides knowledge about the identification and grading of gemstones. The GIA is a non-profit organization that provides education and research in the field of gemology.
  • Jewelers Of America (JA) Certification: This certification is for jewelry professionals who want to demonstrate their expertise in the industry. It covers topics such as jewelry design, gemology, and sales. The JA is a national trade association that represents the jewelry industry.
  • Federal Trade Commission (FTC) Jewelry Guides Compliance: The FTC Jewelry Guides provide guidelines for the jewelry industry to ensure that consumers are not misled by false advertising. Compliance with these guidelines is required by law.
  • Occupational Safety and Health Administration (OSHA) Compliance: OSHA provides guidelines for workplace safety in the jewelry industry. Compliance with these guidelines is required by law.
  • Environmental Protection Agency (EPA) Compliance: The EPA provides guidelines for the disposal of hazardous waste in the jewelry industry. Compliance with these guidelines is required by law.

History

A concise historical narrative of NAICS Code 458310-14 covering global milestones and recent developments within the United States.

  • The opal has been a popular gemstone for centuries, with evidence of opal mining dating back to ancient Rome. In the 19th century, opals were discovered in Australia, which quickly became the world's primary source of the gemstone. The opal industry in Australia boomed, with the town of Coober Pedy becoming known as the "opal capital of the world." In the United States, opals gained popularity in the early 1900s, with the discovery of opals in Nevada. However, the industry faced setbacks during World War II, when opals were deemed a non-essential luxury item and production was halted. In recent years, the popularity of opals has surged again, with celebrities and fashion designers incorporating the gemstone into their designs.

Future Outlook for Opals (Retail)

The anticipated future trajectory of the NAICS 458310-14 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 Opals (Retail) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for opals in the jewelry market. The rise in disposable income and changing consumer preferences towards unique and personalized jewelry pieces are also expected to drive the growth of the industry. Additionally, the increasing popularity of online retail channels is expected to boost the sales of opals in the USA. However, the industry may face challenges due to the fluctuating prices of opals and the increasing competition from other gemstones. Overall, the Opals (Retail) industry is expected to experience steady growth in the USA in the coming years.

Industry Innovations for NAICS Code 458310-14

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

  • Ethical Sourcing Of Opals: Many retailers in the Opals (Retail) industry are now focusing on ethical sourcing of opals to meet the growing demand for sustainable and socially responsible products. This involves sourcing opals from mines that follow ethical and sustainable practices, ensuring that the workers are treated fairly and the environment is not harmed.
  • Customized Opal Jewelry: Retailers are now offering customized opal jewelry to cater to the changing consumer preferences. Customers can choose the shape, size, and color of the opal and get it set in a piece of jewelry of their choice. This trend is gaining popularity among consumers who want unique and personalized jewelry pieces.
  • Online Retail Channels: The Opals (Retail) industry is increasingly using online retail channels to reach a wider customer base. Many retailers are now selling opals through their websites and social media platforms, making it easier for customers to purchase opals from the comfort of their homes.
  • Opal Engagement Rings: Opals are becoming a popular choice for engagement rings due to their unique and colorful appearance. Many retailers are now offering opal engagement rings, which are gaining popularity among couples who want a non-traditional and unique engagement ring.
  • Opal Jewelry for Men: The Opals (Retail) industry is now offering a range of opal jewelry for men, including cufflinks, tie pins, and rings. This trend is gaining popularity among men who want to add a touch of color and uniqueness to their outfits.

NAICS Code 458310-14 - Opals (Retail)

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