NAICS Code 459420-20 - Ivory Goods (Retail)
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NAICS Code 459420-20 Description (8-Digit)
Hierarchy Navigation for NAICS Code 459420-20
Parent Code (less specific)
Tools
Tools commonly used in the Ivory Goods (Retail) industry for day-to-day tasks and operations.
- Ivory carving tools
- Sandpaper and polishing tools
- Chisels and gouges
- Clamps and vices
- Dust masks and respirators
- Protective gloves
- Magnifying glasses and lamps
- Measuring tools (e.g. rulers, calipers)
- Adhesives and glues
- Finishing oils and waxes
Industry Examples of Ivory Goods (Retail)
Common products and services typical of NAICS Code 459420-20, illustrating the main business activities and contributions to the market.
- Ivory jewelry
- Ivory carvings
- Ivory figurines
- Ivory sculptures
- Ivory musical instruments
- Ivory chess sets
- Ivory inlay furniture
- Ivory handles for knives and swords
- Ivory netsuke
- Ivory billiard balls
Certifications, Compliance and Licenses for NAICS Code 459420-20 - Ivory Goods (Retail)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Convention on International Trade In Endangered Species Of Wild Fauna and Flora (CITES): CITES is an international agreement between governments that aims to ensure that international trade in specimens of wild animals and plants does not threaten their survival. Ivory is a regulated item under CITES and requires a permit for international trade.
- Endangered Species Act (ESA): The ESA is a US law that provides for the conservation of species that are endangered or threatened throughout all or a significant portion of their range, and the conservation of the ecosystems on which they depend. Ivory from African elephants is prohibited from import and export under the ESA.
- Lacey Act: The Lacey Act is a US law that prohibits trade in wildlife, fish, and plants that have been illegally taken, possessed, transported, or sold. Ivory from African elephants is prohibited from import and export under the Lacey Act.
- African Elephant Conservation Act (AECA): The AECA is a US law that provides for the conservation and protection of African elephants by regulating the import, export, and interstate commerce of ivory.
- Marine Mammal Protection Act (MMPA): The MMPA is a US law that protects all marine mammals, including walruses, whales, dolphins, seals, and sea otters. Ivory from marine mammals is prohibited from import and export under the MMPA.
History
A concise historical narrative of NAICS Code 459420-20 covering global milestones and recent developments within the United States.
- The ivory trade has been a part of human history for thousands of years, with evidence of ivory carvings dating back to ancient civilizations such as Egypt and China. In the 19th century, the ivory trade boomed with the colonization of Africa and the exploitation of its elephant populations. The demand for ivory grew as it became a symbol of wealth and status, leading to the near-extinction of several elephant species. In the 20th century, international efforts were made to regulate the ivory trade, culminating in the 1989 ban on the international trade of ivory. In recent years, the illegal ivory trade has continued to thrive, with poaching and trafficking posing a significant threat to elephant populations. In the United States, the sale of ivory has been heavily regulated since the 1970s, with a near-total ban on the commercial trade of ivory implemented in 2016.
Future Outlook for Ivory Goods (Retail)
The anticipated future trajectory of the NAICS 459420-20 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Shrinking
The future outlook for the Ivory Goods (Retail) industry in the USA is uncertain due to the increasing regulations and restrictions on the sale and trade of ivory products. The industry is facing challenges due to the global efforts to protect elephants and other endangered species from poaching and illegal trade. The US government has implemented strict regulations on the import, export, and sale of ivory products, which has significantly impacted the industry. The industry is expected to face further challenges in the future due to the increasing awareness and concern for animal welfare and conservation. However, the industry may still survive by adapting to the changing market conditions and by offering alternative products that do not involve the use of ivory.
Industry Innovations for NAICS Code 459420-20
Recent groundbreaking advancements and milestones in the Ivory Goods (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Alternative Materials: Many retailers in the Ivory Goods (Retail) industry are now offering alternative materials such as bone, wood, and synthetic materials to replace ivory products. This innovation has helped the industry to continue to offer similar products without contributing to the illegal trade of ivory.
- Online Sales: The industry has seen a significant increase in online sales due to the restrictions on the sale of ivory products in physical stores. Many retailers have shifted their focus to online sales to reach a wider audience and to continue to generate revenue.
- Education and Awareness: Many retailers in the Ivory Goods (Retail) industry are now focusing on educating their customers about the impact of ivory trade on endangered species and the environment. This innovation has helped to raise awareness and to promote ethical and sustainable practices in the industry.
- Customization: Many retailers are now offering customized ivory products to cater to the specific needs and preferences of their customers. This innovation has helped to differentiate the industry from its competitors and to offer unique and personalized products.
- Collaboration with Conservation Organizations: Many retailers in the Ivory Goods (Retail) industry are now collaborating with conservation organizations to promote ethical and sustainable practices in the industry. This innovation has helped to build trust and credibility with customers and to contribute to the conservation of endangered species.
NAICS Code 459420-20 - Ivory Goods (Retail)
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