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 vital 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 closely linked to the broader precious metals and jewelry sectors, contributing to the overall value and prestige of these markets.

The production of goods under HS code 711419 typically involves a range of specialized techniques, including casting, forging, engraving, and intricate metalworking. Skilled artisans and goldsmiths use traditional methods, as well as modern technologies, to shape, refine, and embellish precious metal items. The manufacturing process often requires meticulous attention to detail, ensuring the final products meet the highest standards of quality and craftsmanship.

The main inputs for the industry covered by HS code 711419 include a variety of precious metals, such as gold, platinum, and palladium. Specialized tools, machinery, and equipment used in metalworking, such as casting molds, forging hammers, and engraving tools, are also essential. Additionally, the industry relies on skilled labor, including goldsmiths, jewelers, and designers, to create the intricate and high-value products.

The outputs of the industry described by HS code 711419 include a wide range of goldsmiths' wares, such as jewelry, decorative items, and other luxury goods made from precious metals. These products are often consumed by 420300 Apparel and accessories of leather and 950300 Dolls representing only human beings, as well as the broader 950400 Video game consoles and machines, articles for funfair, table or parlour games and 950590 Festive, carnival or other entertainment articles, including conjuring tricks and novelty jokes, where precious metal items are used for their aesthetic appeal and exclusivity.