Federal NAICS Codes

NAICS 423940

Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers

Explore obligations, trends, recent awards, and incumbent contractors for NAICS 423940.

NAICS 423940 federal market metrics

Total obligations
$7.1B
Total awards
9,214 awards
Active obligations
$97.4K
Size standard
125 employees

What this NAICS covers

NAICS 423940 covers wholesale distribution of jewelry, watches, precious stones, and precious metal items, including sourcing, purchasing, inventorying, grading, packaging, and selling these products to retailers, institutions, and other businesses through commercial supply channels.

Federal opportunities under 423940 typically involve supplying agencies with stocked or specially ordered jewelry, watches, gems, or precious metal products, managing inventory, providing invoices and authenticity or grading documentation, and arranging secure delivery and transaction records.

FY2025 snapshot

Obligations
$49.5M
Awards
250
Average award
$198.1K
Change from FY2024
-70.2%

Recent awards

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FAQ

What work fits NAICS 423940?
  • Supply bulk lots of finished watches and jewelry to retail chains with lot acceptance inspections, warranty documentation, and wholesale pricing schedules.
  • Provide consignments of certified loose diamonds and colored gems with grading reports and chain-of-custody tracking for competitive procurement.
  • Sell refined precious metal bullion bars with assay certificates and insured delivery to institutional buyers.
  • Manage inventory and drop-ship orders from secure warehouse facilities with bonded storage and insured transport to contract-specified destinations.
When is NAICS 423940 a weak fit?
  • Jewelry manufacturing: crafting, casting, or setting gemstones into finished pieces, because this code covers resale and distribution rather than production.
  • Retail jewelry sales to end consumers: point-of-sale retail storefront or online consumer transactions that include retail services and consumer warranties not aligned with wholesale purchasing terms.
  • Auction and brokerage services: sale facilitation and bidding operations focused on single-item disposition and provenance verification without wholesalers holding inventory for resale.
What solicitation language points to NAICS 423940?
  • Solicitation lists CLINs by lot or unit for finished jewelry, watches, or bullion with required grading or assay documentation and wholesale unit pricing.
  • Requirements call for bonded warehouse inventory, insured logistics, serial-numbered inventory records, and acceptance inspections at delivery.
  • Evaluation factors include provenance documentation, independent gem certification reports, assay certificates, and supplier insurance limits for transport and storage.

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Now that you know about NAICS 423940 - Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers, let Sweetspot help you find and win relevant government contracts with AI-powered tools.

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