Retail sale of watches and jewellery

NACE v2.1 Code: G47.77

About retail sale of watches and jewellery

NACE code 47.77 covers the retail sale of watches and jewellery, a vital component of the broader retail industry. This sector plays a significant role in the economy, providing consumers with access to luxury and high-value items that serve both practical and aesthetic purposes. The retail sale of watches and jewellery is closely tied to consumer trends, disposable income, and the overall health of the retail market.

Production process

The retail sale of watches and jewellery does not involve direct production techniques, as the products are typically manufactured by specialized 32.12 Manufacture of jewellery and related articles and 26.52 Manufacture of watches and clocks companies. Retailers in this sector focus on the procurement, display, and sale of these finished goods to end consumers through physical stores, online platforms, or a combination of both.

Production inputs

The key inputs for the retail sale of watches and jewellery include a diverse range of products sourced from manufacturers, wholesalers, and importers. This can include precious metals, gemstones, watches, and other jewellery items. Retailers also require display cases, shelving, and other store fixtures to showcase their products, as well as skilled sales staff to provide customer service and advice.

Production outputs

The primary output of the retail sale of watches and jewellery is the sale of these products to individual consumers. The customers for this industry can include a wide range of demographics, from high-end luxury buyers to more budget-conscious consumers. The outputs of this sector may also be consumed by other NACE codes, such as 95.25 Repair of watches, clocks and jewellery for repair and maintenance services.

Revisions to 47.77

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 47.77. The most recent 4 versions of this code (47.77) is in the NACE v2.1 system (this version):

This page shows the most recent version of code 47.77.

Family tree for retail sale 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/47'>47: Retail trade</a>"]
B --> C["<a href='/classifications/nace/v2-1/G/47/7'>47.7: Retail sale of other goods, except motor vehicles and motorcycles</a>"]
C --> D["<a href='/classifications/nace/v2-1/G/47/77'>47.77: Retail sale of watches and jewellery</a>"]

    C --> E["<a href='/classifications/nace/v2-1/G/47/71'>47.71: Retail sale of clothing</a>"]
C --> F["<a href='/classifications/nace/v2-1/G/47/72'>47.72: Retail sale of footwear and leather goods</a>"]
C --> G["<a href='/classifications/nace/v2-1/G/47/73'>47.73: Retail sale of pharmaceutical products</a>"]
C --> H["<a href='/classifications/nace/v2-1/G/47/74'>47.74: Retail sale of medical and orthopaedic goods</a>"]
C --> I["<a href='/classifications/nace/v2-1/G/47/75'>47.75: Retail sale of cosmetic and toilet articles</a>"]
C --> J["<a href='/classifications/nace/v2-1/G/47/76'>47.76: Retail sale of flowers, plants, fertilisers, pets and pet food</a>"]
C --> K["<a href='/classifications/nace/v2-1/G/47/78'>47.78: Retail sale of other new goods</a>"]
C --> L["<a href='/classifications/nace/v2-1/G/47/79'>47.79: Retail sale of second-hand goods</a>"]

    

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  %% class A level1
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  %% class D highlight