Natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin
HS v2017 Code: 71
About natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin
HS code 71 encompasses a diverse range of high-value products, including natural and cultured pearls, precious and semi-precious stones, precious metals, and articles made from these materials. This industry plays a crucial role in the global economy, catering to the demand for luxury goods, investment assets, and industrial applications. The products covered under this code are highly sought after for their rarity, beauty, and intrinsic value, making them an important part of the international trade landscape.
Production process
The production techniques involved in this industry vary depending on the specific product. For natural and cultured pearls, the process typically involves the cultivation and harvesting of mollusks, such as oysters and mussels, which produce the pearls. Precious and semi-precious stones are often mined from the earth, with various methods used to extract, sort, and cut the raw materials. Precious metals, such as gold and silver, are extracted from ore deposits and then refined, alloyed, and shaped into a wide range of products, including jewelry, coins, and industrial components.
Production inputs
The main inputs required for this industry include the raw materials, such as pearls, gemstones, and precious metals, as well as specialized equipment and machinery for mining, processing, and manufacturing. Additionally, skilled labor, including gemologists, jewelers, and metalworkers, is essential for the production and crafting of the final products. Energy sources, such as electricity and fuel, are also necessary for the various production processes involved.
Production outputs
The outputs of this industry are diverse and include a wide range of products, such as 7101 Natural, cultured pearls, 7102 Diamonds, 7103 Precious stones, 7104 Synthetic or reconstructed precious or semi-precious stones, 7106 Silver, 7108 Gold, 7109 Base metals or silver, clad with gold, 7113 Articles of jewellery and parts thereof, of precious metal or of metal clad with precious metal, 7114 Articles of goldsmiths' or silversmiths' wares and parts thereof, of precious metal or of metal clad with precious metal, and 7115 Other articles of precious metal or of metal clad with precious metal. These products are used in a variety of industries, including jewelry, luxury goods, investment, and industrial applications.
Family tree for natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin
graph LR A["<a href='/classifications/hs/v2017/71'>71: Natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin</a>"] A --> B["<a href='/classifications/hs/v2017/7101'>7101: Pearls; natural or cultured, whether or not worked or graded but not strung, mounted or set; pearls, natural or cultured, temporarily strung for the convenience of transport</a>"] A --> C["<a href='/classifications/hs/v2017/7102'>7102: Diamonds, whether or not worked, but not mounted or set</a>"] A --> D["<a href='/classifications/hs/v2017/7103'>7103: Precious (excluding diamond) and semi-precious stone; worked, graded, not strung, mounted, set; ungraded precious (excluding diamond) and semi-precious stone, temporarily strung for convenience of transport</a>"] A --> E["<a href='/classifications/hs/v2017/7104'>7104: Synthetic, reconstructed precious, semi-precious stone worked, graded or not, not strung or mounted, set; ungraded synthetic, reconstructed precious, semi-precious stones, temporarily strung for transport</a>"] A --> F["<a href='/classifications/hs/v2017/7105'>7105: Dust and powder of natural or synthetic precious or semi-precious stone</a>"] A --> G["<a href='/classifications/hs/v2017/7106'>7106: Silver (including silver plated with gold or platinum); unwrought or in semi-manufactured forms, or in powder form</a>"] A --> H["<a href='/classifications/hs/v2017/7107'>7107: Base metals clad with silver; not further worked than semi-manufactured</a>"] A --> I["<a href='/classifications/hs/v2017/7108'>7108: Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form</a>"] A --> J["<a href='/classifications/hs/v2017/7109'>7109: Base metals or silver, clad with gold, not further worked than semi-manufactured</a>"] A --> K["<a href='/classifications/hs/v2017/7110'>7110: Platinum; unwrought or in semi-manufactured forms, or in powder form</a>"] A --> L["<a href='/classifications/hs/v2017/7111'>7111: Base metals, silver or gold, clad with platinum; not further worked than semi-manufactured</a>"] A --> M["<a href='/classifications/hs/v2017/7112'>7112: Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal compounds, of a kind uses principally for the recovery of precious metal</a>"] A --> N["<a href='/classifications/hs/v2017/7113'>7113: Jewellery articles and parts thereof, of precious metal or of metal clad with precious metal</a>"] A --> O["<a href='/classifications/hs/v2017/7114'>7114: Articles of goldsmiths' or silversmiths' wares and parts thereof, of precious metal or of metal clad with precious metal</a>"] A --> P["<a href='/classifications/hs/v2017/7115'>7115: Articles of precious metal or of metal clad with precious metal</a>"] A --> Q["<a href='/classifications/hs/v2017/7116'>7116: Articles of natural or cultured pearls, precious or semi-precious stones (natural, synthetic or reconstructed)</a>"] A --> R["<a href='/classifications/hs/v2017/7117'>7117: Imitation jewellery</a>"] A --> S["<a href='/classifications/hs/v2017/7118'>7118: Coin</a>"] %% Color coordination by level classDef level1 color:#000,fill:#a8f9ff,stroke:#333,stroke-width:2px classDef level2 color:#000,fill:#e0a458,stroke:#333,stroke-width:1px classDef level3 color:#000,fill:#419d78,stroke:#333,stroke-width:1px classDef level4 color:#000,fill:#c04abc,stroke:#333,stroke-width:1px classDef level5 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px classDef level6 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px %% Apply classes class A level2 class B level4 class C level4 class D level4 class E level4 class F level4 class G level4 class H level4 class I level4 class J level4 class K level4 class L level4 class M level4 class N level4 class O level4 class P level4 class Q level4 class R level4 class S level4 class A highlight %% class A level1 %% class B,C level2 %% class D,E,F,G,H,I level2 %% class J,K,L,M,N,O,P level3 %% class A highlight