NAICS Code 423940 — Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers

National Industry in the official 2022 North American Industry Classification System (U.S. Census Bureau). It is the only national industry under 42394 (Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers).

Code	423940
Title	Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers
Level	National Industry (6-digit)
Edition	NAICS 2022 edition
SBA size standard	125 employees

Official definition (2022 NAICS)

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.

Is a business under 423940 "small"?

Under the SBA size standards (13 CFR 121.201, effective March 17, 2023), a business classified in NAICS 423940 qualifies as a small business if it does not exceed 125 employees. Small-business status determines eligibility for federal set-aside contracts, SAM.gov certifications and SBA loan programs — employee count is averaged over the latest 24 months.

Where 423940 sits in the hierarchy

Level	Code	Title
Sector	42	Wholesale Trade
Subsector	423	Merchant Wholesalers, Durable Goods
Industry Group	4239	Miscellaneous Durable Goods Merchant Wholesalers
NAICS Industry	42394	Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers
National Industry	423940	Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers

Related SIC codes

Via the official U.S. Census concordance (1987 SIC ↔ NAICS), shown only where the industry definition is unchanged in NAICS 2022.

SIC code	Title
5094	Jewelry, Watches, Precious Stones, and Precious Metals

Data: official 2022 NAICS structure, descriptions and Census concordances, U.S. Census Bureau — U.S. government works in the public domain (17 U.S.C. §105). Suggested reference, not an official determination.