SIC Code 1499-07 - Gems & Minerals

The Gems & Minerals industry involves the extraction, processing, and distribution of various nonmetallic minerals and gemstones. This industry includes a wide range of products such as diamonds, emeralds, rubies, sapphires, opals, and other precious and semi-precious stones. The industry also includes minerals such as quartz, feldspar, mica, and talc, which are used in a variety of industrial applications. Companies in the Gems & Minerals industry typically operate mines or quarries where they extract the raw materials. Once the materials are extracted, they are processed to remove impurities and enhance their quality. This can involve cutting, polishing, and shaping the stones, as well as treating them with heat or chemicals to improve their color or clarity. The Gems & Minerals industry is highly specialized and requires a great deal of expertise and skill. Companies in this industry must have a deep understanding of the geological processes that create these materials, as well as the technical knowledge required to extract and process them. They must also have a keen eye for detail and a strong sense of aesthetics, as the quality of the final product is often determined by its appearance. Overall, the Gems & Minerals industry plays an important role in the global economy, providing valuable raw materials for a wide range of industries, from jewelry and fashion to electronics and construction.