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Jewelry store Femmegems is saying goodbye to their seven-year-old space at 280 Mulberry Street in Nolita. As with nearby Alice + Olivia, this isn't necessarily a recession-inspired closing—the store is moving to an as-yet-undisclosed location in a loft in Chelsea. Up until February 15th, they're clearing house with a 50% off sale; after that, the doors close for good. [Femmegems; RackedWire]