42394

Analysis

NAICS 42394 is the 2022 NAICS industry for jewelry, watch, precious stone, and precious metal merchant wholesalers, part of 4239 (Miscellaneous Durable Goods Merchant Wholesalers).

It has only one more detailed code, 423940, which covers exactly the same activities; the definition, index entries and statistics are on that page.

County Business Patterns counts 6,949 US establishments in this code in 2023, employing 38,194 people at an average annual payroll of $72,653 per employee (56th percentile of national industries). 76% of the establishments have fewer than five employees, which marks it as a small-business industry.

Between 2018 and 2023 the number of establishments fell 3% and employment fell 11%. The 2018 count used NAICS 2017, so part of a large move can come from codes being redefined rather than from businesses opening or closing.

By establishments it ranks 3rd of the 5 codes at this level within Miscellaneous Durable Goods Merchant Wholesalers, with 21.6% of them.