Industries › NAICS 423940
Industry · NAICS 423940 · sector 42 Wholesale trade
Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers
Federal contract obligations classified under NAICS 423940, the organisations that win them and the agencies that award them.
USAspending caveat. Figures are obligations reported by federal agencies to USAspending.gov, not payments. In USAspending's words: "An outlay occurs when federal money is actually paid out, not just promised to be paid ('obligated')." "Every agency has a Senior Accountable Official who must officially certify that the quarterly financial data submitted by their agency is accurate and complete." "If there are any discrepancies in procurement data, FPDS is the authoritative source." Contract data for the Department of Defense and the U.S. Army Corps of Engineers is published with a 90-day delay. Data loaded 30 Sep 2026.
Federal agencies obligated $7.9M in contracts classified under NAICS 423940, Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers, in FY2026, and $607M over the five fiscal years since FY2023; the industry ranks 244 of 526 on this site.
Obligations were down 84% on FY2025 ($50M), with $0 so far in FY2027.
The largest recipient organisations over FY2022–FY2025 were The Toronto-Dominion Bank ($664M), C. Forbes, Inc ($268K) and Exhibit Arts. LLC ($240K).
Contract obligations by fiscal year
Compared with the largest industry FY2026
| Measure | This industry | Aircraft Manufacturing | All contracts |
|---|---|---|---|
| Contract obligations, FY2026 | $7.9M | $45B | $716B |
| Five-year total | $607M | $211B | $3.0T |
| Share of all contract obligations, five years | 0% | 7.1% | 100% |
Top contractors obligations, FY2022–FY2025
| # | Organisation | Obligations |
|---|---|---|
| 1 | The Toronto-Dominion Bank | $664M |
| 2 | C. Forbes, Inc | $268K |
| 3 | Exhibit Arts. LLC | $240K |
| 4 | Marathon Watch Company LTD | $217K |
| 5 | The Award Group, Inc | $196K |
| 6 | The Olab Group, LLC | $110K |
| 7 | Regal Awards, Inc. | $86K |
| 8 | Cranley Awards, LTD | $54K |
| 9 | Small Wonders-Gifts, Inc. | $16K |
| 10 | Brooklyn Metal Works LLC | $6K |
| 11 | Souder's Promotions, LLC | $523 |
| 12 | Industries for the Blind and Visually Impaired, Inc. | $0 |
| 13 | Owyhee Group Companies | $0 |
| 14 | Fmkgroup LLC | $0 |
| 15 | Colonial Metals, Inc | −$1 |
Buying agencies $1.0M+ awards
Largest awards since FY2023
Other industries in sector 42: Wholesale trade
- 423850 Service Establishment Equipment and Supplies Merchant Wholesalers $15B
- 424210 Drugs and Druggists' Sundries Merchant Wholesalers $9.2B
- 423450 Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers $8.7B
- 423610 Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers $1.6B
- 424320 Men's and Boys' Clothing and Furnishings Merchant Wholesalers $504M
- 423430 Computer and Computer Peripheral Equipment and Software Merchant Wholesalers $348M
- 425120 Wholesale Trade Agents and Brokers $167M
- 424720 Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) $86M
- 423110 Automobile and Other Motor Vehicle Merchant Wholesalers $68M
- 423830 Industrial Machinery and Equipment Merchant Wholesalers $63M
- 423490 Other Professional Equipment and Supplies Merchant Wholesalers $53M
- 423860 Transportation Equipment and Supplies (except Motor Vehicle) Merchant Wholesalers $48M
Questions and answers
How much does the federal government spend on NAICS 423940?
$7.9M in contract obligations classified under Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers in FY2026, $607M over the five fiscal years since FY2023. Obligations are commitments, not payments.
Who are the top contractors in Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers?
The Toronto-Dominion Bank ($664M), C. Forbes, Inc ($268K), Exhibit Arts. LLC ($240K), Marathon Watch Company LTD ($217K), The Award Group, Inc ($196K), by contract obligations over FY2022–FY2025.
Which agencies buy in this industry?
By the value of $1.0M-plus contracts since FY2023: Department of the Treasury ($604M).
What is a NAICS code?
In USAspending's words: "NAICS stands for the North American Industrial Classification System. This 6-digit code tells you what industry the work falls into. Each contract record has a NAICS code." Assistance awards (grants, loans, direct payments) carry no NAICS code and are not counted here.
Provenance
Source: USAspending.gov API v2, spending by category (NAICS) by fiscal year, recipient cross-tabulation for FY2022–FY2025 and award search, loaded 30 Sep 2026. State figures come from each state's top-100 NAICS list, so small amounts in a state may be missing. See methodology.