Industry Code: 38201
This industry consists exclusively of businesses that cut, engrave, polish, set or deal in gemstones. While this industry may involve the actual extraction of the raw gemstones from the earth, most often businesses in this industry are involved only in the cutting, polishing etc. of the gemstones themselves.
Operation Details:
A typical extraction process is an employer in Alberta who has acquired mineral rights to a stretch of land along the river bank of the St. Mary's River southwest of Lethbridge.
A contractor is engaged to excavate a seam of rock along the river bank, creating a pit where rock fossil called ammonite is located. This rock fossil is over 75 million years old and has been created through extremely concentrated earth pressures. A unique outside shell is formed from this protracted process called aragonite. This shell has a colorful pearl-like texture that can be refined for use as a gem in jewelry manufacturing.
Once the aragonite rock is extracted, the chunks are cut into smaller, more manageable pieces for transport to a shop. Once there, they are cut, ground, shaped, polished and buffed in preparation for mounting by professional jewelers.
The finished stones are sold to jewelry manufacturers in Canada and the US.
Underwriting Considerations:
Businesses engaged in the setting of stones in rings, necklaces and other finished jewelry, which have already been cut, shaped, polished, etc. are classified in industry 38200, Mfg. of Jewelry.
Contractors engaged to conduct excavation activities would be classified in industry 40604, Operation of Heavy Equipment.
Industry Custom Pricing: Waiving Cost Relief Option
This industry has chosen to participate in Industry Custom Pricing effective January 1, 2011. Costs related to the aggravation of a pre-existing condition will not be removed from the experience record of employers classified in this industry. In return, the portion of premiums collected to fund retroactive cost relief has been removed from the industry rate, resulting in a reduction in WCB premium rates for the industry.
Premium Rate History:
Activities:
Lapidary Service
Rate Group History:
Effective January 1, 1994, rate group 392100 was amalgamated with rate group 279200 to combine similar activities within this manufacturing sector.
This industry consists exclusively of businesses that cut, engrave, polish, set or deal in gemstones. While this industry may involve the actual extraction of the raw gemstones from the earth, most often businesses in this industry are involved only in the cutting, polishing etc. of the gemstones themselves.
Premium Rate History:
Activities:
Lapidary Service
Operation Details:
A typical extraction process is an employer in Alberta who has acquired mineral rights to a stretch of land along the river bank of the St. Mary's River southwest of Lethbridge.
A contractor is engaged to excavate a seam of rock along the river bank, creating a pit where rock fossil called ammonite is located. This rock fossil is over 75 million years old and has been created through extremely concentrated earth pressures. A unique outside shell is formed from this protracted process called aragonite. This shell has a colorful pearl-like texture that can be refined for use as a gem in jewelry manufacturing.
Once the aragonite rock is extracted, the chunks are cut into smaller, more manageable pieces for transport to a shop. Once there, they are cut, ground, shaped, polished and buffed in preparation for mounting by professional jewelers.
The finished stones are sold to jewelry manufacturers in Canada and the US.
Underwriting Considerations:
Businesses engaged in the setting of stones in rings, necklaces and other finished jewelry, which have already been cut, shaped, polished, etc. are classified in industry 38200, Mfg. of Jewelry.
Contractors engaged to conduct excavation activities would be classified in industry 40604, Operation of Heavy Equipment.
Industry Custom Pricing: Waiving Cost Relief Option
This industry has chosen to participate in Industry Custom Pricing effective January 1, 2011. Costs related to the aggravation of a pre-existing condition will not be removed from the experience record of employers classified in this industry. In return, the portion of premiums collected to fund retroactive cost relief has been removed from the industry rate, resulting in a reduction in WCB premium rates for the industry.
Rate Group History:
Effective January 1, 1994, rate group 392100 was amalgamated with rate group 279200 to combine similar activities within this manufacturing sector.