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Kassoy to Close Showroom in Manhattan

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Jewelry supply company cites industry trends in decision to close the space.

Kassoy has announced the planned closure of its 47th Street retail showroom in Manhattan. Beginning on Sept. 1, the company will operate exclusively from its corporate headquarters located in Plainview, NY. In a release, the company said the decision to close the showroom – which has been a mainstay on 47th Street for decades – was based on “the swiftly changing landscape of the diamond district” as well as “the digitalization and evolution of the jewelry industry.” Kassoy’s brick-and-mortar showroom will now live online at Kassoy.com, the release adds.

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If It’s Time to Consolidate, It’s Time to Call Wilkerson

When Tom Moses decided to close one of the two Moses Jewelers stores in western Pennsylvania, it was time to call in the experts. After reviewing two candidates, Moses, a co-owner of the 72 year-old business, decided to go with Wilkerson. The sale went better than expected. Concerned about running it during the pandemic, Moses says it might have helped the sale. “People wanted to get out, so there was pent-up demand,” he says. “Folks were not traveling so there was disposable income, and we don’t recall a single client commenting to us, feeling uncomfortable. It was busy in here!” And perhaps most importantly, Wilkerson was easy to deal with, he says, and Susan, their personal Wilkerson consultant, was knowledgeable, organized and “really good.” Now, the company can focus on their remaining location — without the hassle of carrying over merchandise that either wouldn’t fit or hadn’t sold. “The decision to hire Wilkerson was a good one,” says Moses.

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