NAICS Code 541380-03 - Assayers & Assaying Service

Marketing Level - NAICS 8-Digit

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NAICS CODE 541380-03
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NAICS Code 541380-03 Description (8-Digit)

Assayers & Assaying Service is a subdivision of the NAICS Code 541380, which falls under the broader category of Testing Laboratories and Services. This industry involves the analysis and testing of various materials to determine their composition and quality. Assayers & Assaying Service specifically focuses on the analysis of precious metals, such as gold and silver, to determine their purity and value. This industry plays a crucial role in the mining and refining of precious metals, as well as in the jewelry and investment industries.

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 541380 page

Tools

Tools commonly used in the Assayers & Assaying Service industry for day-to-day tasks and operations.

  • Crucibles
  • Cupels
  • Tongs
  • Furnaces
  • Balances
  • Spectrometers
  • Fire assay kits
  • Fluxes
  • Scorifiers
  • Assay ton weights

Industry Examples of Assayers & Assaying Service

Common products and services typical of NAICS Code 541380-03, illustrating the main business activities and contributions to the market.

  • Gold assaying
  • Silver assaying
  • Precious metal analysis
  • Bullion testing
  • Jewelry appraisal
  • Mining assay services
  • Refining assay services
  • Investment grade metal analysis
  • Metal purity testing
  • Fire assay services

History

A concise historical narrative of NAICS Code 541380-03 covering global milestones and recent developments within the United States.

  • The Assayers & Assaying Service industry has a long history dating back to ancient times when gold and silver were first discovered. Assayers were responsible for testing the purity of these precious metals, and their services were in high demand. In the United States, the industry began to take shape during the California Gold Rush of the mid-1800s. Assayers played a crucial role in the development of the mining industry, and their services were essential for determining the value of the minerals being extracted. In recent years, the industry has continued to evolve with advancements in technology and the increasing demand for more accurate and efficient testing methods. For example, the use of X-ray fluorescence (XRF) technology has become more prevalent in assaying services, allowing for faster and more accurate analysis of metals and minerals.