Jewellery; of base metal clad with precious metal, and parts thereof

HS code 711320 covers the import and export of jewelry made from base metal that is clad with precious metal, as well as the parts used to manufacture such jewelry. This industry plays a significant role in the global luxury goods market, catering to consumer demand for high-quality, fashionable accessories. The production and trade of these products are closely tied to broader economic trends, as fluctuations in consumer spending and the price of precious metals can impact the industry's performance.

The production of jewelry under HS code 711320 typically involves a multi-step process. First, the base metal, such as copper or brass, is coated with a thin layer of precious metal, usually gold or silver, through a process called cladding. The clad metal is then shaped and formed into the desired jewelry designs using techniques like casting, stamping, or hand-crafting. Finally, the jewelry pieces may undergo additional finishing steps, such as polishing, setting of stones, or the addition of other decorative elements.

The main inputs required for the production of jewelry under HS code 711320 include the base metals (e.g., copper, brass), precious metals (e.g., gold, silver), and any additional materials needed for the manufacturing process, such as casting molds, polishing tools, and findings (clasps, jump rings, etc.). Specialized machinery, such as metal presses, casting equipment, and finishing tools, are also essential for this industry. The availability and cost of these raw materials and equipment can significantly impact the production and trade of these products.

The primary output of the industry covered by HS code 711320 is finished jewelry items, such as rings, necklaces, bracelets, and earrings, made from base metal clad with precious metal. These products are often consumed by the 420300 Apparel and Accessories industry, as well as the 950300 Toys, Games, and Sports Equipment industry, where they may be used as decorative elements or accessories. Additionally, the parts and components produced under this code may be used by the 711311 Jewellery; of silver, whether or not plated or clad with other precious metal and 711319 Jewellery; of other precious metal, whether or not plated or clad with precious metal industries.