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Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

Japanese jewelry store Mikimoto closed on Saturday after 38 years at the location. A sign appeared on the Fifth Avenue flagship, located between 56th and 57th Streets. So far, the reasons for the closure are unknown. [Sample Sally]