NAICS Code 459420-01 - Amber & Amber Goods (Retail)
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NAICS Code 459420-01 Description (8-Digit)
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Tools
Tools commonly used in the Amber & Amber Goods (Retail) industry for day-to-day tasks and operations.
- Amber polishing cloth
- Amber cleaning solution
- UV light
- Magnifying glass
- Digital caliper
- Amber drill bit
- Amber saw blade
- Amber carving tools
- Amber glue
- Amber beads sorting tray
Industry Examples of Amber & Amber Goods (Retail)
Common products and services typical of NAICS Code 459420-01, illustrating the main business activities and contributions to the market.
- Amber jewelry
- Amber figurines
- Amber home decor
- Amber sculptures
- Amber beads
- Amber pendants
- Amber necklaces
- Amber earrings
- Amber bracelets
- Amber rings
Certifications, Compliance and Licenses for NAICS Code 459420-01 - Amber & Amber Goods (Retail)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Amber Jewelry Quality Certificate: This certificate is issued by the International Amber Association and is awarded to amber jewelry that meets the quality standards set by the association. The certificate ensures that the amber used in the jewelry is genuine and of high quality.
- Retail Sales Tax Permit: This permit is required by 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 government. The permit is issued by the state government where the business is located.
- Business License: A business license is required by all businesses operating in the US. It is issued by the state or local government where the business is located. The license ensures that the business is operating legally and meets all the requirements set by the government.
- Occupational Safety and Health Administration (OSHA) Compliance: OSHA sets safety and health standards for all businesses operating in the US. Compliance with OSHA standards is mandatory for all businesses. Failure to comply can result in fines and penalties.
- Federal Trade Commission (FTC) Compliance: The FTC sets rules and regulations for businesses operating in the US. Compliance with FTC regulations is mandatory for all businesses. Failure to comply can result in fines and penalties.
History
A concise historical narrative of NAICS Code 459420-01 covering global milestones and recent developments within the United States.
- The Amber & Amber Goods (Retail) industry has a long history dating back to ancient times. Amber has been used for jewelry and decorative purposes for thousands of years, with the oldest amber jewelry dating back to the Stone Age. In the 16th century, amber became a popular trade item in Europe, with the majority of the world's amber coming from the Baltic region. In the United States, the industry has seen growth in recent years due to the popularity of amber jewelry and the increasing demand for natural and sustainable products.
Future Outlook for Amber & Amber Goods (Retail)
The anticipated future trajectory of the NAICS 459420-01 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Amber & Amber Goods (Retail) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for unique and personalized gifts. The rise of e-commerce has also made it easier for consumers to purchase amber and amber goods online, which has increased the industry's reach. Additionally, the industry is expected to benefit from the growing trend of eco-friendly and sustainable products, as amber is a natural and renewable resource. However, the industry may face challenges due to the COVID-19 pandemic, which has caused a decline in consumer spending and disrupted supply chains.
Industry Innovations for NAICS Code 459420-01
Recent groundbreaking advancements and milestones in the Amber & Amber Goods (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Amber Jewelry with Modern Designs: Amber & Amber Goods (Retail) industry has seen a rise in the demand for amber jewelry with modern designs. This innovation has helped the industry to attract younger consumers who are looking for unique and trendy jewelry pieces.
- Personalized Amber Gifts: The industry has seen an increase in the demand for personalized amber gifts, such as amber pendants with engraved names or messages. This innovation has helped the industry to cater to the growing demand for personalized gifts.
- Amber Home Decor: The industry has expanded its product range to include amber home decor items, such as amber candle holders and amber lamps. This innovation has helped the industry to attract consumers who are looking for unique and natural home decor items.
- Amber Teething Necklaces: The industry has seen a rise in the demand for amber teething necklaces for babies. This innovation has helped the industry to cater to the growing demand for natural and safe teething remedies.
- Amber Essential Oil Diffusers: The industry has introduced amber essential oil diffusers, which are made of amber stones and are used to diffuse essential oils. This innovation has helped the industry to attract consumers who are looking for natural and holistic wellness products.
NAICS Code 459420-01 - Amber & Amber Goods (Retail)
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