The guild was established probably in 13th century; it was mentioned first in 1326. At the beginning, the guild was composed of artisans and merchants. After the creation of the Great Guild (circa 14th century), the merchants relocated thence.[1]
Most of the guild's members were Germans. For Estonians, becoming a member was restricted, especially between 1508 and 1698.[1]
The guild closed in 1920, after around six centuries of service.[1]