Wholesale of watches and jewellery

NACE v2.1 Code: G46.48

About wholesale of watches and jewellery

NACE code 46.48 covers the wholesale trade of watches and jewellery, a vital sector within the broader retail and distribution industry. This industry plays a crucial role in the global supply chain, connecting manufacturers and producers with retailers and consumers. The wholesale of watches and jewellery is an important economic activity, contributing to employment, trade, and the overall growth of the luxury goods market.

Production process

The production techniques involved in the wholesale of watches and jewellery vary depending on the specific products. Watches may be assembled from various components, including movements, cases, dials, and straps. Jewellery, on the other hand, is typically crafted through processes such as casting, forging, and setting precious stones. Wholesalers often source these products from manufacturers and distributors, ensuring a steady supply to meet the demands of their retail customers.

Production inputs

The main inputs required for the wholesale of watches and jewellery include a diverse range of raw materials, such as precious metals (e.g., gold, silver, platinum), gemstones, and watch components. Wholesalers also rely on specialized equipment and machinery to handle, store, and transport these high-value items. Additionally, they require a skilled workforce to manage inventory, negotiate contracts, and provide customer service.

Production outputs

The primary outputs of the wholesale of watches and jewellery industry are the distribution of these luxury goods to various retail outlets, including 47.77 Retail sale of watches and jewellery in specialised stores, 47.91 Retail sale via mail order houses or via Internet, and 47.59 Retail sale of furniture, lighting equipment and other household articles in specialised stores. These retail establishments then sell the watches and jewellery directly to consumers, catering to the demand for luxury and fashion accessories.

Revisions to 46.48

Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code 46.48. The most recent 1 version of this code (46.48) is in the NACE v2.1 system (this version):

This page shows the most recent version of code 46.48.

Family tree for wholesale of watches and jewellery

    graph LR
    A["<a href='/classifications/nace/v2-1/G'>G: WHOLESALE AND RETAIL TRADE</a>"]
A --> B["<a href='/classifications/nace/v2-1/G/46'>46: Wholesale trade</a>"]
B --> C["<a href='/classifications/nace/v2-1/G/46/4'>46.4: Wholesale of household goods</a>"]
C --> D["<a href='/classifications/nace/v2-1/G/46/48'>46.48: Wholesale of watches and jewellery</a>"]

    C --> E["<a href='/classifications/nace/v2-1/G/46/41'>46.41: Wholesale of textiles</a>"]
C --> F["<a href='/classifications/nace/v2-1/G/46/42'>46.42: Wholesale of clothing and footwear</a>"]
C --> G["<a href='/classifications/nace/v2-1/G/46/43'>46.43: Wholesale of electrical household appliances</a>"]
C --> H["<a href='/classifications/nace/v2-1/G/46/44'>46.44: Wholesale of china and glassware and cleaning materials</a>"]
C --> I["<a href='/classifications/nace/v2-1/G/46/45'>46.45: Wholesale of perfume and cosmetics</a>"]
C --> J["<a href='/classifications/nace/v2-1/G/46/46'>46.46: Wholesale of pharmaceutical and medical goods</a>"]
C --> K["<a href='/classifications/nace/v2-1/G/46/47'>46.47: Wholesale of household, office and shop furniture, carpets and lighting equipment</a>"]
C --> L["<a href='/classifications/nace/v2-1/G/46/49'>46.49: Wholesale of other household goods</a>"]

    

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    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 level1
class B level2
class C level3
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 D 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 D highlight