The Goldsmith jewelry store in Binghamton's Kilmer Building is being sold and will continue operations.

Gina McHugh last November announced plans to retire after operating the business for more than four decades.

On Friday, Inessa Raytenberg revealed that she and Binghamton developer Mark Yonaty are the new owners of the Goldsmith.

Raytenberg said her "very first job" was with the Goldsmith. She worked for the store for eight years.

Gina McHugh at the Goldsmith store on January 10, 2020. (Photo: Bob Joseph/WNBF News)

McHugh Friday afternoon said there had been an "incredible outpouring of support" from customers after her retirement announcement.

Raytenberg said "we're really excited to continue the tradition" started by McHugh. She said the existing staff will be retained.

Raytenberg is planning on a soft opening of the Goldsmith under the new ownership in mid-February and a grand opening in the first week of March.

McHugh said she'll continue to maintain a workroom at the store enabling her to make "one of a kind pieces" of jewelry for Goldsmith customers.

Although the retirement sale will end at 5 p.m. Saturday, the business will remain open under its current ownership through January 25 for repair and custom work.

The Goldsmith jewelry store is located in the Kilmer Building at Lewis and Chenango streets in Binghamton. (Photo: Bob Joseph/WNBF News)

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