458310 - Jewelry Retailers
When it comes to categorizing business activities in the retail trade sector, NAICS code 458310 stands out for those involved in the dazzling world of jewelry. Whether you own a boutique jewelry store, operate a custom design shop, or run a watch and clock retail business, this NAICS code is essential for classification, contracting, and compliance purposes. In this post, we dive into everything you need to know about NAICS code 458310 – Jewelry Retailers.
What is NAICS Code 458310?
NAICS Code 458310 refers to establishments primarily engaged in retailing new jewelry. This includes a broad array of products such as precious metal and gemstone jewelry, watches, and related accessories. Businesses classified under this code often provide additional services like jewelry repair and custom design, catering to a wide customer base interested in quality and luxury items.
Sector & Business Activities
NAICS code 458310 falls under the Retail Trade sector, specifically within specialty retail stores. This sector encompasses businesses focused on selling products directly to consumers. Companies operating under 458310 typically engage in activities like:
- Selling new precious and semiprecious jewelry
- Retailing watches and clocks
- Providing jewelry repair and maintenance services
- Custom jewelry design and manufacturing for clients
This classification covers a variety of retail operations that specialize in fine jewelry and timepieces, either in standalone stores or specialty shops.
Size Standard for NAICS Code 458310
To qualify as a small business under NAICS code 458310, your establishment's annual receipts must not exceed:
| Size Standard | Annual Receipts Limit |
|---|---|
| Jewelry Retailers (NAICS 458310) | $20.5 million dollars |
This size standard is important for government contracting opportunities, financial reporting, and eligibility for certain small business programs.
Examples of Businesses Under NAICS 458310
Here are some typical business types and activities classified within NAICS code 458310:
- Jewelry stores specializing in selling engagement rings, necklaces, bracelets, and other precious metal or gemstone pieces.
- Watch and clock retailers offering a range of timepieces from luxury brands to everyday wear.
- Custom jewelry design shops, where artisans create bespoke pieces based on customer specifications.
- Clock shops focused on selling and repairing clocks, both antique and modern models.
- Gemstone shops retailing precious and semiprecious stones for custom jewelry making or collection.
NAICS Code 458310 - Code Details Summary Table
| Code Detail | Description |
|---|---|
| Jewelry stores, precious | Retailing precious metal and gemstone jewelry |
| Gem stone shops, precious and semiprecious | Retailing loose precious and semiprecious gemstones |
| Watch shops | Retailing timepieces including watches and clocks |
| Clock shops | Retailing and repairing clocks |
Frequently Asked Questions about NAICS Code 458310
Q1: Can a jewelry repair business fall under NAICS 458310?
A1: Yes, if the primary business includes retailing new jewelry along with repair services, it qualifies under this code.
Q2: What kind of products are included in NAICS 458310?
A2: New precious metal and gemstone jewelry, watches, clocks, and related accessories.
Q3: How important is the size standard of $20.5 million?
A3: It determines eligibility for small business certifications and government contracts. Businesses exceeding this revenue may not qualify as small under this code.
Q4: Can online jewelry retailers use NAICS 458310?
A4: Yes, if the business primarily sells new jewelry products, whether online or brick-and-mortar, this code applies.
Conclusion
NAICS code 458310 – Jewelry Retailers – is a crucial classification for businesses engaged in selling and servicing new jewelry, watches, and clocks. Understanding the scope, sector, size standards, and examples of businesses under this NAICS code can help entrepreneurs and companies position themselves properly for government contracting and strategic growth in the retail trade sector.
By aligning your business classification with NAICS 458310, you unlock resources and opportunities tailored to jewelry retailers who are passionate about quality, craftsmanship, and customer satisfaction.
Keywords: NAICS code 458310, Jewelry Retailers, Retail Trade, Jewelry stores, Watch shops, Custom jewelry design, Jewelry repair, Small business size standard, Jewelry industry classification
