SIC 3915 - Jewelers' Findings And Materials, And Lapidary Work
Establishments primarily engaged in manufacturing unassembled jewelry parts and stock shop products, such as sheet, wire, and tubing; and establishments of lapidaries primarily engaged in cutting, slabbing, tumbling, carving, engraving, polishing or faceting stones from natural or manmade precious or semiprecious gem raw materials, either for sale or on a contract basis for the trade; in recutting, repolishing, and setting gem stones; or in cutting, drilling, and otherwise preparing jewels for instruments, dies, watches, chronometers, and other industrial uses. This industry includes the drilling, sawing, and peeling of real or cultured pearls. Establishments primarily engaged in manufacturing synthetic stones for gem stones and industrial use are classified in Industry 3299, and those manufacturing artificial pearls are classified in Industry 3961.
Industry trends:
The jewelers' findings and materials industry (NAICS 3915) is currently experiencing several notable qualitative trends. One key trend is the growing consumer preference for ethically sourced and sustainable materials, driven by increasing awareness of environmental and social issues. This has led to a rise in demand for lab-grown gemstones and recycled precious metals. Furthermore, digital innovation is transforming the industry, with advancements like 3D printing and CAD (Computer-Aided Design) enhancing the precision and customization capabilities for jewelers.
Another significant trend is the integration of technology in jewelry, including the use of wearable tech and smart jewelry that offer functionalities beyond aesthetics, such as health monitoring and connectivity. Additionally, there is a marked shift towards e-commerce platforms, allowing jewelers to reach a broader audience while providing an omnichannel experience that integrates in-store and online shopping experiences.
Looking to the near future, the forecast for the industry points to continued emphasis on sustainability and ethical sourcing, driven by both consumer preferences and stricter regulatory environments. The adoption of advanced manufacturing techniques and personalization will likely grow, with technology playing a critical role in meeting consumer demands for unique, high-quality pieces. The increasing presence of online marketplaces is expected to remain strong, offering new opportunities for growth and innovation in marketing and customer engagement.
This industry is comprised of:
Diamond cutting and polishing
Diamond points for phonograph needles
Jewel bearings, synthetic
Jewel cutting, drilling, polishing, recutting, or setting
Jewel preparing: for instruments, tools, watches, and jewelry
Jewelers'findings and materials
Jewelry parts, unassembled
Jewelry polishing for the trade
Jewelry soldering for the trade
Lapidary work, contract and other
Machine chain, platinum or karat gold
Pearls: drilling, sawing or peeling of
Pin stems (jewelry findings)
Soldering for the jewelry trade
Stones: preparation of real and imitation gems for settings
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