NAICS Code 458310-17 - Jewelry-Renting & Leasing (Retail)

Marketing Level - NAICS 8-Digit

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NAICS CODE 458310-17
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NAICS Code 458310-17 Description (8-Digit)

Jewelry-Renting & Leasing (Retail) is a subdivision of the Jewelry Retailers industry that involves the rental or leasing of jewelry items to customers for a specific period of time. This industry caters to individuals who are looking for a temporary solution for special occasions such as weddings, proms, or other formal events. The rented jewelry items can range from necklaces, bracelets, earrings, and other accessories that are made from various materials such as gold, silver, diamonds, and other precious stones.

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 Jewelry-Renting & Leasing (Retail) industry for day-to-day tasks and operations.

  • Jewelry cleaning solutions
  • Jewelry display cases
  • Jewelry repair kits
  • Jewelry scales
  • Jewelry steam cleaners
  • Loupes and magnifiers
  • Metal stamping kits
  • Pliers and cutters
  • Ring sizing tools
  • Ultrasonic jewelry cleaners

Industry Examples of Jewelry-Renting & Leasing (Retail)

Common products and services typical of NAICS Code 458310-17, illustrating the main business activities and contributions to the market.

  • Bridal jewelry rental
  • Formal event jewelry rental
  • Costume jewelry rental
  • Luxury jewelry rental
  • Vintage jewelry rental
  • Designer jewelry rental
  • Fine jewelry leasing
  • Special occasion jewelry rental
  • Prom jewelry rental
  • Red carpet jewelry rental

History

A concise historical narrative of NAICS Code 458310-17 covering global milestones and recent developments within the United States.

  • The concept of renting jewelry dates back to ancient times, where royalty and nobility would borrow jewelry for special occasions. However, the modern jewelry rental industry began in the 1930s in the United States, with the establishment of companies like Harry Winston and Van Cleef & Arpels. These companies rented out high-end jewelry to Hollywood stars for red carpet events. In the 21st century, the jewelry rental industry has expanded to include a wider range of customers and occasions. Rent the Runway, founded in 2009, is a notable example of a company that offers jewelry rental services to the general public. The company has since expanded to include clothing and accessories. In recent years, the jewelry rental industry has seen a surge in popularity due to changing consumer preferences. Millennials and Gen Z consumers are more interested in sustainability and reducing waste, which has led to an increase in demand for rental services. Additionally, the rise of social media has made it more acceptable to wear rented jewelry, as consumers can showcase their outfits and accessories without the pressure of owning them. The COVID-19 pandemic has also impacted the industry, with many consumers opting for rental services instead of purchasing expensive jewelry for virtual events. Overall, the jewelry rental industry has a rich history and continues to evolve with changing consumer trends.