Metal; precious or metal clad with precious metal, other than that of item no. 7115.10

HS code 711590 covers a diverse range of precious metal products, excluding those classified under 7115.10. This industry plays a crucial role in the global economy, providing essential materials for jewelry, electronics, and various industrial applications. The versatility and high value of these precious metal goods make them a significant contributor to international trade and economic development.

The production of goods under HS code 711590 typically involves a range of specialized techniques, including metal refining, alloying, casting, and fabrication. Manufacturers may utilize methods such as electroplating, stamping, and precision machining to create the desired shapes, finishes, and compositions of these precious metal products.

The main inputs required for the production of HS code 711590 goods include various precious metals, such as gold, silver, platinum, and palladium. Additionally, manufacturers may rely on specialized machinery, tools, and chemical compounds to facilitate the refining, alloying, and shaping processes. Skilled labor with expertise in metallurgy and precision manufacturing is also a crucial input for this industry.

The outputs of HS code 711590 encompass a wide array of precious metal products, including jewelry, decorative items, electronic components, and industrial parts. These goods may be consumed by industries classified under codes such as 711310 Jewelry and parts thereof, of precious metal or of metal clad with precious metal, 851770 Parts of telephone sets, telephones, microphones and loudspeakers, and 902190 Orthopedic appliances, including crutches, surgical belts and trusses; splints and other fracture appliances; artificial parts of the body; hearing aids and other appliances which are worn or carried, or implanted in the body, to compensate for a defect or disability, among others.