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NAICS 423940, industry

NAICS 423940: Jewelry, watch, precious stone, and precious metal merchant wholesalers

NAICS 423940 is the industry code for jewelry, watch, precious stone, and precious metal merchant wholesalers. Use it on loan applications, tax forms and registrations. Lenders price it on the business's own numbers rather than an industry program.

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What 423940 covers

Wholesalers in this code sell jewelry, watches, precious stones and precious metals to retailers and manufacturers. It includes diamond dealers, gold and silver bullion wholesalers and watch distributors.

Included in this code

  • Jewelry wholesale
  • Watch and clock wholesale
  • Diamond and gemstone dealers
  • Precious metal and bullion wholesale
  • Jewelry findings and parts

Not this code

Businesses that use 423940

Diamond dealerWatch distributorGold bullion wholesalerFine jewelry wholesaler to retailers

Financing for this trade

Jewelry wholesalers use inventory financing and memo or consignment lines, plus receivables financing for retailers who buy on terms. Lenders scrutinize inventory appraisal, insurance, security controls and the volatility of gold and diamond prices.

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Is 423940 the right code for a jewelry wholesaler?

Yes, if you sell fine jewelry, watches, loose stones or precious metals to retailers, manufacturers or other dealers. If you make jewelry, use 339910, and if you sell to the public from a store or online, use 458310. Bullion dealers selling in bulk to businesses also fit here.

What is the SBA size standard for 423940?

The SBA size standard for 423940 is 125 employees. SBA counts the average number of people on payroll, full time, part time and temporary, over the last 24 months, and adds in any affiliates. A jewelry wholesaler under that headcount counts as small for SBA 7(a) and 504 loans and for federal small business contracts, whatever its revenue.

How do jewelry and diamond wholesalers get financing?

Common tools are asset based lines secured by appraised inventory and receivables, and specialty lenders who advance against diamonds and gold. Lenders discount inventory heavily because prices move, so expect insurance, vault and audit requirements. Retail customers often buy on memo, so clear tracking of goods out on consignment matters.

What does NAICS 423940 cover?

Jewelry, watch, precious stone, and precious metal merchant wholesalers. Industry level code in NAICS 2022, under 42 Wholesale trade, 423 Merchant wholesalers, durable goods, 4239 Miscellaneous durable goods merchant wholesalers, 42394 Jewelry, watch, precious stone, and precious metal merchant wholesalers.

What financing do NAICS 423940 businesses use?

Term loans, lines of credit, SBA loans and working capital are the usual products. Start an application and the AI matches the deal to lenders that fund this code.

Where do I put NAICS 423940?

On the SBA loan application, on federal Schedule C or Form 1120, on SAM.gov and state registrations, and on most lender applications. A business can report more than one code; use this one if it describes what produces most of your revenue.