Articles of natural or cultured pearls, precious or semi-precious stones (natural, synthetic or reconstructed)
HS v2017 Code: 7116
About articles of natural or cultured pearls, precious or semi-precious stones (natural, synthetic or reconstructed)
HS code 7116 covers a diverse range of luxury goods, including articles made from natural or cultured pearls, as well as precious and semi-precious stones. This industry plays a significant role in the global luxury market, catering to the demand for high-end jewelry, decorative items, and other exclusive products. The production and trade of these goods are closely tied to the broader gemstone and jewelry industry, which is an important contributor to the international economy.
Production process
The production of articles under HS code 7116 typically involves a range of specialized techniques. For natural and cultured pearls, the process may include harvesting, sorting, and processing the pearls to create finished products. For precious and semi-precious stones, production can involve mining, cutting, polishing, and setting the stones into various designs and forms. Manufacturers in this industry often utilize advanced technologies and skilled craftsmanship to ensure the quality and uniqueness of their products.
Production inputs
The main inputs required for the production of articles under HS code 7116 include natural or cultured pearls, as well as a variety of precious and semi-precious stones, such as diamonds, rubies, sapphires, and emeralds. Additionally, manufacturers in this industry rely on specialized tools, equipment, and skilled labor to transform these raw materials into finished products. The availability and quality of these inputs are crucial to the success of this industry.
Production outputs
The primary outputs of the industry covered by HS code 7116 are a wide range of luxury goods, including jewelry, decorative items, and other high-end products. These articles are often consumed by 4202 (Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silk-worm gut)) and 9114 Parts and accessories for watches and clocks, as they are commonly used to enhance the value and appeal of these products. The industry's outputs are also in demand by individual consumers seeking exclusive and prestigious items.
Family tree for articles of natural or cultured pearls, precious or semi-precious stones (natural, synthetic or reconstructed)
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/v2017/7116'>7116: Articles of natural or cultured pearls, precious or semi-precious stones (natural, synthetic or reconstructed)</a>"] A --> C["<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 --> D["<a href='/classifications/hs/v2017/7102'>7102: Diamonds, whether or not worked, but not mounted or set</a>"] A --> E["<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 --> F["<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 --> G["<a href='/classifications/hs/v2017/7105'>7105: Dust and powder of natural or synthetic precious or semi-precious stone</a>"] A --> H["<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 --> I["<a href='/classifications/hs/v2017/7107'>7107: Base metals clad with silver; not further worked than semi-manufactured</a>"] A --> J["<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 --> K["<a href='/classifications/hs/v2017/7109'>7109: Base metals or silver, clad with gold, not further worked than semi-manufactured</a>"] A --> L["<a href='/classifications/hs/v2017/7110'>7110: Platinum; unwrought or in semi-manufactured forms, or in powder form</a>"] A --> M["<a href='/classifications/hs/v2017/7111'>7111: Base metals, silver or gold, clad with platinum; not further worked than semi-manufactured</a>"] A --> N["<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 --> O["<a href='/classifications/hs/v2017/7113'>7113: Jewellery articles and parts thereof, of precious metal or of metal clad with precious metal</a>"] A --> P["<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 --> Q["<a href='/classifications/hs/v2017/7115'>7115: Articles of precious metal or of metal clad with precious metal</a>"] A --> R["<a href='/classifications/hs/v2017/7117'>7117: Imitation jewellery</a>"] A --> S["<a href='/classifications/hs/v2017/7118'>7118: Coin</a>"] B --> T["<a href='/classifications/hs/v2017/711610'>711610: Pearls; articles of natural or cultured pearls</a>"] B --> U["<a href='/classifications/hs/v2017/711620'>711620: Stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles of</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 T level6 class U level6 class B 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 B highlight