NAICS Code 423940: Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers
National industry
SBA small business size standard: 125 employees
Definition
This industry comprises establishments primarily engaged in the merchant wholesale distribution of jewelry, precious and semiprecious stones, precious metals and metal flatware, costume jewelry, watches, clocks, silverware, and/or jewelers' findings.
Government contracts for this product: PSC 9660 Precious Metals Primary Forms
Code facts
- Part of
-
-
42
-
423
-
4239
- 42394
-
4239
-
423
-
42
- Contract awards
- 1,972 In the last 12 months
- Contract obligations
- $49,559,373 In FY2025
NAICS codes and definitions come from the U.S. Census Bureau, size standards from the SBA and contract spending from SAM.gov/FPDS.
Business activities under NAICS 423940
- Antique jewelry merchant wholesalers
- Clocks merchant wholesalers
- Coins merchant wholesalers
- Costume jewelry merchant wholesalers
- Diamonds (except industrial) merchant wholesalers
- Flatware, precious and plated, merchant wholesalers
- Gem stones merchant wholesalers
- Ingots, precious, merchant wholesalers
- Jewelers' findings merchant wholesalers
- Jewelry merchant wholesalers
- Metals, precious, merchant wholesalers
- Pearls merchant wholesalers
- Plated metal cutlery or flatware merchant wholesalers
- Precious and semiprecious stones merchant wholesalers
- Precious metals merchant wholesalers
- Silverware, precious and plated, merchant wholesalers
- Stones, precious and semiprecious, merchant wholesalers
- Tableware, precious and plated, merchant wholesalers
- Trophies merchant wholesalers
- Watches and parts merchant wholesalers
Looking for another activity? Search the NAICS code lookup or browse business activities from A to Z.
Contract obligations by fiscal year
| Fiscal year | Obligated |
|---|---|
| FY2027 To date | $29,872 |
| FY2026 | $7,893,162 |
| FY2025 | $49,559,373 |
| FY2024 | $165,951,608 |
| FY2023 | $383,582,544 |
Top contractors by obligations
| Rank | Contractor | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | The Toronto-Dominion Bank | $6,126,845 | |
| 2 | Marathon Watch Company LTD | $1,578,991 | |
| 3 | The Olab Group, LLC | $159,583 | |
| 4 | C. Forbes, Inc. | $57,615 |
Top funding agencies by obligations
| Rank | Agency | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Department of the Treasury | $6,126,845 | |
| 2 | General Services Administration | $1,578,991 | |
| 3 | Department of Justice | $217,198 |
Top PSC codes by obligations
| Rank | PSC code | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | 9660 Precious Metals Primary Forms | $6,126,845 | |
| 2 | 6645 Time Measuring Instruments | $1,578,991 | |
| 3 | 8455 Badges and Insignia | $159,583 | |
| 4 |
9915 Collectors and/ |
$57,615 |
Contract obligations by state
Shares are of everything obligated under NAICS 423940 in the last 12 months before deobligations, including work performed abroad or with no place of performance on record.
Contract opportunities
Show 40 more
Latest 50 of 54 listed here. See the rest on GovTribe.
Size standard history
Federal Register rules that named this code
From the NAICS codes each rule's amendments to 13 CFR 121.201 name. Rules that print their size standard tables as images aren't listed.
Quick answers
What is NAICS 423940?
NAICS 423940 is Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers, a national industry in NAICS 42, Wholesale Trade.
What is the NAICS code for coins merchant wholesalers?
The NAICS code for coins merchant wholesalers is 423940, Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers.
What is the NAICS code for clocks merchant wholesalers?
The NAICS code for clocks merchant wholesalers is 423940, Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers.
What is the NAICS code for pearls merchant wholesalers?
The NAICS code for pearls merchant wholesalers is 423940, Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers.
When did the size standard for NAICS 423940 last change?
The most recent Federal Register rule on record that names NAICS 423940 in the SBA's size standards is "Small Business Size Standards: Wholesale Trade and Retail Trade" (87 FR 35869), published Jun 14, 2022 and effective Jul 14, 2022.
How much do federal agencies spend under NAICS 423940?
Federal contracts under NAICS 423940 obligated $49,559,373 in fiscal year 2025 and $607,016,558 in fiscal years 2023 through 2027.
Who are the largest contractors under NAICS 423940?
The contractors with the most obligated under NAICS 423940 in fiscal years 2026 and 2027 are The Toronto-Dominion Bank ($6,126,845); Marathon Watch Company LTD ($1,578,991); and The Olab Group, LLC ($159,583).
Which agencies buy the most under NAICS 423940?
The agencies that obligated the most under NAICS 423940 in fiscal years 2026 and 2027 are Department of the Treasury ($6,126,845), General Services Administration ($1,578,991) and Department of Justice ($217,198).
Which PSC codes are used with NAICS 423940?
The PSC codes with the most obligated under NAICS 423940 in fiscal years 2026 and 2027 are 9660 Precious Metals Primary Forms, 6645 Time Measuring Instruments and 8455 Badges and Insignia.
Where is the work under NAICS 423940 performed?
By place of performance, the states with the most contract obligations under NAICS 423940 over the last 12 months are Florida ($159,583) and Virginia ($57,615).
What is the latest contract opportunity under NAICS 423940?
The latest contract opportunity under NAICS 423940 is Fenix 8 Watches and HRM 600s, award notice from Coast Guard, posted September 9, 2026.
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See everything under NAICS 423940
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