Goldsmiths' wares; articles of and parts thereof, of precious metal (excluding silver) whether or not plated or clad with precious metal

HS code 711419 covers a diverse range of goldsmiths' wares and articles made from precious metals, excluding silver. This industry plays a crucial role in the global luxury goods market, catering to the demand for high-quality, exclusive jewelry, decorative items, and other precious metal products. The industry's output is valued for its craftsmanship, design, and the intrinsic value of the materials used, making it an important contributor to the overall economy.

The production of goldsmiths' wares under HS code 711419 typically involves a range of specialized techniques. These may include casting, forging, engraving, enameling, and other metalworking processes to shape, decorate, and finish the final products. Skilled artisans and goldsmiths utilize a variety of tools and equipment, such as furnaces, rolling mills, and specialized hand tools, to create these intricate and often one-of-a-kind items.

The main inputs required for the production of goods under HS code 711419 include precious metals, such as gold, platinum, and palladium, as well as various alloys and compounds. Additionally, the industry relies on specialized machinery, tools, and equipment, as well as a highly skilled workforce capable of executing the complex techniques involved in the manufacturing process. Gemstones, enamels, and other decorative elements may also be incorporated into the final products.

The primary outputs of the industry covered by HS code 711419 are a wide range of goldsmiths' wares, including jewelry, decorative items, and other articles made from precious metals. These products may be consumed by 611000 Wearing apparel accessories; knitted or crocheted, 950300 (Tricycles, scooters, pedal cars and similar wheeled toys; dolls' carriages; dolls; other toys; reduced-size ('scale') models and similar recreational models, working or not; puzzles of all kinds), and 950420 (Articles and equipment for general physical exercise, gymnastics, athletics, other sports (including table-tennis) or outdoor games, not specified or included elsewhere in this chapter; swimming pools and paddling pools).