01 / NAICS Market Profile
NAICS 423940 Jewelry, Watch, Precious Stone, And Precious Metal Merchant Wholesalers Federal Contracts
North American Industry Classification System code 423940
Federal contract activity classified under Jewelry, Watch, Precious Stone, And Precious Metal Merchant Wholesalers across FY 2019–FY 2025. Net obligations include both new obligations and subsequent deobligations.
02 / Market Size
How large is the NAICS 423940 federal market?
03 / Spending Trend
NAICS 423940 contract spending by fiscal year
Annual obligations, activity, and participation across the same FY 2019–FY 2025 profile window.
Latest closed fiscal year$49.56M
FY 2025| Fiscal year | Obligations | Actions | Vendors | Customers | Change |
|---|---|---|---|---|---|
| FY 2019 | $3.29M | 659 | 8 | 8 | — |
| FY 2020 | $2.88M | 364 | 11 | 10 | −12.2% |
| FY 2021 | $173.7K | 15 | 5 | 7 | −94.0% |
| FY 2022 | $66.16M | 15 | 8 | 9 | +37,988.5% |
| FY 2023 | $383.58M | 28 | 8 | 8 | +479.7% |
| FY 2024 | $165.96M | 11 | 6 | 6 | −56.7% |
| FY 2025 | $49.56M | 258 | 8 | 7 | −70.1% |
04 / Top Federal Customers
Which federal agencies buy most in this industry?
Ranked by net obligations during FY 2019–FY 2025.
| Federal customer | Code | Obligations | Actions | Vendors | Market share |
|---|---|---|---|---|---|
| UNITED STATES MINT | 2044 | $664.08M | 25 | 1 | 98.9% |
| ENERGY, DEPARTMENT OF | 8900 | $5.69M | 5 | 1 | 0.8% |
| OFFICES, BOARDS AND DIVISIONS | 1501 | $451.6K | 8 | 2 | 0.1% |
| FEDERAL ACQUISITION SERVICE | 4732 | $306.2K | 1,242 | 1 | 0.0% |
| DEPT OF THE NAVY | 1700 | $211.6K | 3 | 1 | 0.0% |
| DEPT OF THE AIR FORCE | 5700 | $199.0K | 6 | 4 | 0.0% |
| DEPT OF THE ARMY | 2100 | $184.1K | 10 | 2 | 0.0% |
| SMALL BUSINESS ADMINISTRATION | 7300 | $120.2K | 8 | 1 | 0.0% |
| FEDERAL BUREAU OF INVESTIGATION | 1549 | $110.0K | 2 | 1 | 0.0% |
| CENTERS FOR MEDICARE AND MEDICAID SERVICES | 7530 | $83.3K | 9 | 1 | 0.0% |
05 / Contracting Offices
Which contracting offices buy in NAICS 423940?
Ranked by net obligations during FY 2019–FY 2025.
| Office | Code | Agency | Obligations | Actions | Vendors | Market share |
|---|---|---|---|---|---|---|
| US MINT HEADQUARTERS | 2031JG | UNITED STATES MINT | $664.08M | 25 | 1 | 98.9% |
| NNSA NON-MO CNTRCTNG OPS DIV | 892331 | ENERGY, DEPARTMENT OF | $5.69M | 5 | 1 | 0.8% |
| JMD-PROCUREMENT SERVICES STAFF | 15JPSS | OFFICES, BOARDS AND DIVISIONS | $451.6K | 8 | 2 | 0.1% |
| GSA/FAS/GSS/QSCB, SUPPLY CHAIN MANAGEMENT CONTRACTING DIVISION | 47QSSC | FEDERAL ACQUISITION SERVICE | $216.6K | 246 | 1 | 0.0% |
| COMMANDER | M00264 | DEPT OF THE NAVY | $211.6K | 3 | 1 | 0.0% |
| W7M8 USPFO ACTIVITY IA ARNG | W912LP | DEPT OF THE ARMY | $129.4K | 7 | 1 | 0.0% |
| OFC OF PERF MGMT AND CFO | 733510 | SMALL BUSINESS ADMINISTRATION | $120.2K | 8 | 1 | 0.0% |
| FA2860 316 CONS PK | FA2860 | DEPT OF THE AIR FORCE | $114.2K | 4 | 2 | 0.0% |
| DIVISION 1200 | 15F067 | FEDERAL BUREAU OF INVESTIGATION | $110.0K | 2 | 1 | 0.0% |
| GSA/FAS ADMIN SVCS ACQUISITION BR(2 | 47QSEA | FEDERAL ACQUISITION SERVICE | $89.6K | 996 | 1 | 0.0% |
06 / Top Vendors
Which contractors lead the NAICS 423940 market?
| Vendor | Obligations | Actions | Customers | Market share | Latest activity |
|---|---|---|---|---|---|
| TORONTO-DOMINION BANK, THE | $664.08M | 25 | 1 | 98.9% | Jan 13, 2025 |
| COLONIAL METALS NEW YORK, INC. | $5.69M | 5 | 1 | 0.8% | Jan 2, 2022 |
| MARATHON WATCH COMPANY LTD | $306.2K | 1,242 | 1 | 0.0% | Sep 30, 2025 |
| FORBES, INC., C. | $267.6K | 4 | 2 | 0.0% | Dec 6, 2024 |
| EXHIBIT ARTS, L.L.C. | $264.9K | 6 | 4 | 0.0% | Jan 24, 2025 |
| FMK GROUP LLC | $200.4K | 12 | 3 | 0.0% | Sep 28, 2021 |
| THE AWARD GROUP INC | $195.8K | 5 | 1 | 0.0% | Jan 7, 2025 |
| SOUDERS PROMOTIONS LIMITED LIABILITY COMPANY | $180.8K | 12 | 2 | 0.0% | Mar 8, 2024 |
| THE OLAB GROUP, LLC | $110.0K | 2 | 1 | 0.0% | Apr 9, 2025 |
| REGAL AWARDS INC | $103.8K | 9 | 2 | 0.0% | Sep 4, 2025 |
07 / Product and Service Mix
What products and services are purchased under NAICS 423940?
| PSC | Description | Obligations | Actions | Vendors | Share |
|---|---|---|---|---|---|
| 9660 | PRECIOUS METALS PRIMARY FORMS | $669.77M | 30 | 2 | 99.7% |
| 9915 | COLLECTORS' AND/OR HISTORICAL ITEMS | $505.1K | 19 | 3 | 0.1% |
| 6645 | TIME MEASURING INSTRUMENTS | $349.9K | 1,243 | 2 | 0.1% |
| 7510 | OFFICE SUPPLIES | $251.1K | 21 | 3 | 0.0% |
| R708 | SUPPORT- MANAGEMENT: PUBLIC RELATIONS | $211.6K | 3 | 1 | 0.0% |
| 8465 | INDIVIDUAL EQUIPMENT | $118.9K | 5 | 1 | 0.0% |
| 9905 | SIGNS, ADVERTISING DISPLAYS, AND IDENTIFICATION PLATES | $93.5K | 3 | 2 | 0.0% |
| 8305 | TEXTILE FABRICS | $60.5K | 1 | 1 | 0.0% |
| H384 | INSPECTION- CLOTHING, INDIVIDUAL EQUIPMENT, AND INSIGNIA | $42.6K | 1 | 1 | 0.0% |
| 8455 | BADGES AND INSIGNIA | $41.1K | 7 | 3 | 0.0% |
08 / Buying Pattern
How does the government buy in NAICS 423940?
| Common action type | Obligations | Actions |
|---|---|---|
| PURCHASE ORDER | $913.3K | 1,260 |
| DELIVERY ORDER | $664.86M | 69 |
| BPA CALL | $150.2K | 16 |
| DEFINITIVE CONTRACT | $5.69M | 5 |
09 / Recent Contract Awards
What was awarded most recently in NAICS 423940?
10 / Market Interpretation
How should contractors evaluate this market?
Start with the spending direction
Compare annual obligations with actions and vendor participation. Growth driven by only a few large actions represents a different opportunity from broad, recurring demand.
Follow the actual buyers
Move from federal customers to contracting offices. Offices reveal where acquisition responsibility and recurring purchasing activity are concentrated.
Measure accessible demand
Use competition, small-business participation, incumbent vendors, and PSC mix before treating the full $671.61M market as addressable.