Employment
38,194
Total employees (Census CBP)
Wholesale Trade ·NAICS 423940
NAICS 423940 · IRS SOI (C corp) · Census CBP 2023
Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers - Industry Benchmarks
$72,653/yr average annual pay, with 375 SBA loans on record for NAICS 423940.
- 7K
- Establishments
- 38K
- Workers employed
- $72,653/yr
- Avg payroll / employee
- $182M
- SBA lending, FY20–26
Data updated August 2026
The verdict · NAICS 423940
New York leads Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers activity nationally, across 7K establishments employing 38K workers. IRS SOI doesn't publish margin data at this NAICS level.
- 7K
- Business establishments (Census)
- 38K
- Workers employed (Census CBP)
- $72,653/yr
- Avg payroll / employee
- $182M
- SBA lending, FY20–26
Use Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers's NAICS benchmark as a comparison point, not a forecast for one business.
Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers is reported here with financial measures from IRS Statistics of Income and workforce measures from Census County Business Patterns. The page keeps those source systems distinct, shows unavailable fields rather than estimating them, and links the underlying industry context so readers can compare the same NAICS activity before interpreting a margin or payroll figure.
Source: IRS SOI (C corporation headline) and Census County Business Patterns 2023
Benchmarking Insights for Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers
Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers sits inside Wholesale Trade.
6,949 establishments employ 38,194 workers (5.5/location) at $72,653/yr average annual pay. New York leads employment, followed by California and Florida.
Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers sits in the 48th percentile for employment among 6-digit NAICS industries with reported data.
Avg Payroll / Employee
$72,653/yr
Annual compensation
Establishments
6,949
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment decreased by 188; establishment count decreased by 15. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Subscribe to this industry's release updates (RSS)Workforce scale
Financial Detail
- Annual Payroll (Total)
- $2.8B
- Avg Employees per Establishment
- 5.5
Top States by Employment
| State | Employment |
|---|---|
| New York | 11,330 |
| California | 5,767 |
| Florida | 3,244 |
| Texas | 3,063 |
| New Jersey | 2,243 |
| Ohio | 1,013 |
| Utah | 950 |
| Rhode Island | 882 |
| Illinois | 727 |
| Connecticut | 666 |
Showing top 10 of 50 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
375
Total Loan Volume
$182M
Avg Loan Size
$486K
Jobs Supported
1,845
Program Breakdown
7(a) 344 (92%)
504 31 (8%)
Top SBA Lender
BayFirst National Bank
40 loans in this industry
New Business Share
17.1% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 32
2021 43
2022 48
2023 73
2024 79
2025 89
2026 11
Frequently Asked Questions
How many businesses are in Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers?
6,949 business establishments. Together they employ 38,194 workers.
What is the average payroll per employee in Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers?
$72,653/yr average annual pay per employee. Businesses average 5.5 employees per establishment.
Which states have the most Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers employment?
New York leads with 11,330 workers. California (5,767) and Florida (3,244) round out the top three.
How much SBA lending does Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers receive?
Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers businesses received 375 SBA loans totaling $182 million between FY2020 and FY2026. The average loan size was $486K. These loans supported 1,845 jobs at origination. Most lending (92%) came through the SBA 7(a) program.
Nationwide industries with similar benchmark drivers
Two IRS/Census peer sets for Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers, both at NAICS level 6 and excluding this code so the neighborhoods are not self-links.
According to Census County Business Patterns 2023, Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers ranks #418 of 801 U.S. industries at the 6-digit NAICS level by total employment.
Similar workforce scale
Nearest peer industries by ABS(Census employment) (38,194 here).
Read with this industry: Industry employment trends · Wholesale Trade · Rankings
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.
Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023
NAICS 423940 · CBP 2023 · IRS SOI
According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.
Read our methodology - how this data is sourced, computed, and verified.
Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023
Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.