CD Peacock to Open Massive Flagship in Chicago Suburb
Owner Seymour Holtzman has also transferred leadership responsibilities to his son, Steven.
Seymour, a businessman with a background in trade policy, purchased the jeweler in 1993—one of a few times it has changed hands—following the bankruptcy of former owner Birks.
After two decades, he has transferred leadership to his son, effective this month.
Steven assumes the role of vice chairman while his wife, Qi Holtzman, becomes chief experience officer. The pair have relocated from Switzerland to Chicago.
Steven has worked in the luxury watch market for three decades, working alongside retailers in Europe, Asia, and the Middle East.
“Chicagoans can expect to see C.D. Peacock fanning its vibrant feathers in new places, with unique concepts and strong luxury brand partnerships to serve future generations,” said Steven in a press release about his new role and the upcoming store opening.
“Qi and I are honored to be overseeing one of the most exciting times in our company’s history.”
The retailer, originally called The House of Peacock, opened in February 1837 in Chicago.
The jeweler has a storied history, from surviving the city’s great fire to serving A-list clientele through the ages, from Mary Todd Lincoln to Mick Jagger.
It will celebrate its 185th anniversary this year.
C.D. Peacock’s new 20,000-square-foot store is slated to open this fall at Oakbrook Center, an outdoor mall in the Chicago suburb of Oak Brook.
While jewelry, and the luxury market at large, had a strong year in 2021, the construction of this mega-store is less about the current economy and more about the company’s vision for the future, said a C.D. Peacock spokesperson.
The “flagship mansion,” as the company describes it, will feature a lounge, restaurant, rooms for VIP customers, and an outdoor space.
C.D. Peacock carries a range of luxury watch and jewelry brands, including Rolex, Cartier, Omega, and Mikimoto.
“The investment in our flagship mansion at Oakbrook Center—where 20 million visitors annually spend over $1 billion—is a natural choice as consumer lifestyles and spending shift to the suburbs,” said Steven Holtzman.
“Open space, eclectic restaurant offerings and ample free parking combine to provide the perfect backdrop for our new location, which will redefine the way consumers shop for luxury."
The company declined to disclose the cost of the new store at this time.
C.D. Peacock is one of several independent jewelers that have announced plans for big new stores, including Zadok Jewelers’ 28,000-square-foot space in Houston, which opened in May 2021, and Lee Michaels’ soon-to-open 10,000-square-foot store in Metairie, Louisiana.
C.D. Peacock has been a mainstay on the Chicago jewelry scene since its opening in 1837, making it one of the city’s oldest jewelers. It currently has three locations in Illinois.
“We are proud of our heritage and continue to invest in the region,” said Steven Holtzman.
“By significantly boosting the retail sector with another ‘first,’ C.D. Peacock continues to exceed consumer demands for exceptional quality, impeccable service, and an elevated shopping experience.”
Senior Editor Brecken Branstrator chooses the pieces she’d most want to see in person.
“Today’s Wedding Jewelry Consumer” shares data about engagement ring market size, lab-grown and natural diamonds, and more.
When it comes to knowing the identity and quality of your pearls, count on GIA as your independent pearl experts.
Several Couture brands have partnered with Platinum Guild International ahead of the jewelry trade show.
The jewelry company is moving into bridal just a month after branching out into the watch world.
Advanced technology levels the playing field, helping jewelers give customers what they want.
The 2008 economic crisis, COVID-19, and sanctions on Russian goods have set the stage for an interesting decade for natural diamond supply.
The Generating Community Impact fundraiser on June 11 will feature Karine Bah Tahé of Blue Level Training.
Kaiser, whose illustrious career spanned decades, died suddenly on Friday.
He will step into the retailer’s newly created role of chief development officer.
GemIntro is meant to give a broad introduction to gems and gemology.
Three industry experts discuss “recycled” gold vs. mined, their challenges and benefits, and how jewelers can navigate the area.
Cartier, Van Cleef & Arpels, and Buccellati put on stellar performances.
The New York jeweler made this incredible, colorful Art Deco bracelet featuring tropical birds in 1927.
From a slowdown in sales growth to rising costs, Fruchtman Marketing outlines its expectations for the second half of the year.
Once a part of Julius Klein Group, the diamond company combines its direct supply and cutting expertise with a keen eye to the future.
John A. Green of retailer Lux Bond & Green and Niveet Nagpal of Omi Privé have joined the board of directors as of May 18.
The retailer also said demand for Rolex, Patek Philippe, and Audemars Piguet watches continues to exceed its supply.
The Connecticut jeweler reflected on five decades in the industry and what the future holds for the family business.
The chapter has organized a day trip to the Sterling Hill Mine and Museum in Ogdensburg on Saturday, May 21.
The stones come from a deposit close to Mahenge and have been on the market for several months.