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NAICS Code 458310-15 Description (8-Digit)

The Pearls (Retail) industry involves the retail sale of pearls, which are organic gems that are formed inside the shells of mollusks such as oysters and mussels. Pearls come in a range of colors, shapes, and sizes, and are often used in jewelry such as necklaces, bracelets, and earrings. The industry includes both brick-and-mortar stores and online retailers that specialize in selling pearls to consumers.

Hierarchy Navigation for NAICS Code 458310-15

Parent Code (less specific)

Tools

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

  • Pearl drill
  • Pearl reamer
  • Pearl tweezers
  • Pearl knotting tool
  • Pearl gauge
  • Pearl adhesive
  • Pearl stringing material
  • Pearl cleaning cloth
  • Pearl grading chart
  • Pearl magnifying glass

Industry Examples of Pearls (Retail)

Common products and services typical of NAICS Code 458310-15, illustrating the main business activities and contributions to the market.

  • Freshwater pearl necklaces
  • Akoya pearl earrings
  • South Sea pearl bracelets
  • Tahitian pearl pendants
  • Baroque pearl strands
  • Cultured pearl brooches
  • Biwa pearl rings
  • Keshi pearl anklets
  • Mabe pearl cufflinks
  • Coin pearl hairpins

Certifications, Compliance and Licenses for NAICS Code 458310-15 - Pearls (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 work in the pearl industry. It provides knowledge about the quality, grading, and identification of pearls. The GIA is a non-profit organization that provides education and research in the field of gemology.
  • Pearl Specialist Certification: This certification is offered by the Cultured Pearl Association of America (CPAA) and is designed for those who want to specialize in pearls. It covers topics such as pearl types, grading, and identification. The CPAA is a non-profit organization that promotes the use of cultured pearls.
  • Jewelry Industry Certification: This certification is offered by the Jewelers of America (JA) and is designed for those who want to work in the jewelry industry. It covers topics such as jewelry design, manufacturing, and sales. The JA is a non-profit organization that represents the jewelry industry in the US.
  • Retail Sales Tax Permit: This permit is required for all businesses that sell goods or services in the US. It allows businesses to collect sales tax from customers and remit it to the state. The requirements for this permit vary by state.
  • Business License: This license is required for all businesses that operate in the US. It allows businesses to legally operate and conduct business in their state. The requirements for this license vary by state.

History

A concise historical narrative of NAICS Code 458310-15 covering global milestones and recent developments within the United States.

  • The history of pearls dates back to ancient times, where they were considered a symbol of wealth and status. In ancient Rome, pearls were used as a form of currency, and in ancient China, they were believed to have healing properties. The discovery of pearls in the Americas in the 16th century led to an increase in their popularity, and they became a sought-after luxury item. In the 20th century, the development of cultured pearls made them more accessible to the general public, and they became a popular gift for special occasions. In recent years, the demand for pearls has remained steady, with a growing interest in sustainable and ethical sourcing practices. In the United States, the pearl industry has a rich history, with the first pearl farm established in the early 1900s in Tennessee. The development of cultured pearls in the 1920s led to the growth of the industry, with major pearl farms established in Hawaii and other parts of the country. The popularity of pearls continued to grow throughout the 20th century, with iconic figures such as Jackie Kennedy and Audrey Hepburn wearing them. Today, pearls remain a popular choice for jewelry, with a growing interest in unique and unconventional designs.

Future Outlook for Pearls (Retail)

The anticipated future trajectory of the NAICS 458310-15 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 Pearls (Retail) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for pearls in the fashion industry. The rise in disposable income and changing consumer preferences towards luxury goods are also expected to drive the growth of the industry. Additionally, the increasing popularity of online shopping is expected to boost the sales of pearls in the retail market. However, the industry may face challenges due to the increasing competition from substitute products and the impact of the COVID-19 pandemic on consumer spending. Overall, the Pearls (Retail) industry is expected to experience steady growth in the coming years.

Industry Innovations for NAICS Code 458310-15

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

  • Sustainable Pearls: Many companies in the Pearls (Retail) industry are now focusing on sustainable and ethical pearl farming practices. These practices involve reducing the environmental impact of pearl farming and ensuring fair labor practices. For example, the company Pure Pearls has introduced a line of pearls that are sustainably farmed and ethically sourced.
  • Customized Pearl Jewelry: Many retailers in the Pearls (Retail) industry are now offering customized pearl jewelry to their customers. This allows customers to create unique pieces of jewelry that reflect their personal style. For example, the company Pearl Paradise offers a customization service that allows customers to choose the type of pearl, size, and setting for their jewelry.
  • Online Sales: The Pearls (Retail) industry has seen a significant increase in online sales in recent years. Many retailers are now offering their products through online marketplaces and their own e-commerce websites. For example, the company The Pearl Source offers a wide range of pearl jewelry through their website.
  • New Pearl Varieties: The Pearls (Retail) industry has seen the introduction of new pearl varieties in recent years. For example, the company Kojima Pearl has introduced a new type of pearl called the "Keshi" pearl, which is a small, irregularly shaped pearl that has a unique luster.
  • Pearl Education: Many retailers in the Pearls (Retail) industry are now offering pearl education to their customers. This involves educating customers about the different types of pearls, their quality, and how to care for them. For example, the company Pearl Paradise offers a pearl education section on their website that provides detailed information about pearls.

NAICS Code 458310-15 - Pearls (Retail)

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