Goldsmiths' and silversmiths' wares; articles of and parts thereof, of base metal clad with precious metal

HS code 711420 covers a diverse range of goldsmiths' and silversmiths' wares, including articles and parts made of base metal clad with precious metal. This industry plays a vital role in the global luxury goods market, producing high-quality jewelry, decorative items, and functional objects that are prized for their craftsmanship and aesthetic appeal. The production and trade of these specialized goods contribute significantly to the overall economy, particularly in countries with a strong precious metal and jewelry manufacturing sector.

The production of goldsmiths' and silversmiths' wares under HS code 711420 typically involves a range of specialized techniques. These may include casting, forging, stamping, engraving, and enameling, among others. Skilled artisans use a combination of traditional and modern methods to shape, decorate, and assemble the final products, ensuring a high level of quality and attention to detail.

The main inputs required for the production of goods under HS code 711420 include precious metals such as gold and silver, as well as base metals like copper, brass, and nickel. Specialized tools, machinery, and equipment used in metalworking, such as furnaces, rolling mills, and polishing tools, are also essential. Additionally, various chemicals, abrasives, and other materials may be used in the finishing and decorative processes.

The primary outputs of the industry covered by HS code 711420 are a wide range of goldsmiths' and silversmiths' wares, including jewelry, tableware, decorative objects, and other luxury items. These products may be consumed by 940510 Chandeliers and other electric lighting fittings, 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), and 950510 Articles for Christmas festivities, among other industries and sectors.