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.