IndependentsApr 19, 2022
Sissy’s Log Cabin Strengthening Presence in MemphisIndependentsMay 16, 2022
Karats Jewelers Plans Expansion Into 30,000-Square-Foot Store
The Kansas retailer is aiming for a fall 2023 opening.
Kansas City’s Karats Jewelers plans to move into a new 30,000-square-foot store, a massive expansion from its current 5,500 square feet. Owner Akshay Anand opened the business in 2005, drawing on his family’s extensive jewelry business experience.
Kansas City—Kansas independent Karats Jewelers is planning a major expansion.
The retailer is set to move into a new store that will grow it from its current 5,500 square feet to 30,000 square feet.
Owner Akshay Anand opened the business in 2005, drawing on his family’s experience—he is the sixth generation to be in jewelry.
The store has weathered a major recession and a pandemic since it opened its doors. Now, Anand is ready to grow the business even more.
Located at 12260 Blue Valley Parkway in Kansas City, just five miles from the current Karats Jewelers location, the new store will be designed to provide a better customer experience, Anand told National Jeweler.
Karats’ core business is bridal jewelry, and Anand wants the new Karats to “create an engagement ring experience for the next generation.” Looking beyond millennials, he envisions the new store as a space that matches how the younger generations shop, building trust to sustain the retailer in the future.
“We’re not just looking for the sale but how to capture the market because as they grow, our business will grow.”
Related stories will be right here …
The retailer is set to move into a new store that will grow it from its current 5,500 square feet to 30,000 square feet.
Owner Akshay Anand opened the business in 2005, drawing on his family’s experience—he is the sixth generation to be in jewelry.
The store has weathered a major recession and a pandemic since it opened its doors. Now, Anand is ready to grow the business even more.
Located at 12260 Blue Valley Parkway in Kansas City, just five miles from the current Karats Jewelers location, the new store will be designed to provide a better customer experience, Anand told National Jeweler.
Karats’ core business is bridal jewelry, and Anand wants the new Karats to “create an engagement ring experience for the next generation.” Looking beyond millennials, he envisions the new store as a space that matches how the younger generations shop, building trust to sustain the retailer in the future.
“We’re not just looking for the sale but how to capture the market because as they grow, our business will grow.”
Here’s one example of how Karats plans to capture the market: the retailer will hire a full-time sushi chef from Japan and offer a sushi bar to its customers.
It will also partner with local businesses for events.
Anand added that the new store will offer “environments” for various product categories throughout, like mini shop-in-shops. As a person passionate about the environment and the ecosystem, he also plans on incorporating plenty of trees and flowers into the new store’s design.
Though Karats already carries more than 20 watch brands, the expansion will also bring a greater focus to the watch division, partnering with new brands to offer watches at all price points.
They will also revamp their website and build an app for the store to create a full “hands-on” experience.
The land on which the future store will sit has already been purchased, and the city has approved the plans.
Anand said he anticipates breaking ground in July, with the goal of opening the new Karats Jewelers in fall 2023.
More on Independents
The Latest
Policies & IssuesJul 01, 2022
U.S. Expands Sanctions to Russian GoldThe U.K, Canada, and Japan have also banned the import of gold originating from Russia.
Recorded WebinarsJul 01, 2022
Watch: What to Know About Livestream ShoppingJewelry marketing expert Laryssa Wirstiuk shares her tips and tricks for hosting a livestream shopping session.
SourcingJul 01, 2022
De Beers, Botswana Extend Sales Agreement for Third TimeThe current agreement, originally set to expire in 2020, will now go through June 2023.
Brought to you by
Preparing for Proposal Season with High-Quality, A.I.-Graded Natural Diamonds Rare & Forever is helping to create an enjoyable diamond buying experience for the millions of newly-engaged couples.
CollectionsJul 01, 2022
Piece of the Week: Brent Neale x Edie Parker PendantThe brands have collaborated on a fine jewelry ode to cannabis.
Weekly QuizJun 30, 2022
This Week’s QuizTest your knowledge of the latest jewelry news with this quick test.
Supplier BulletinJun 30, 2022
Here’s Where You’ll Find The Best Online Jewelry AuctionsSponsored by HiBid
CrimeJun 30, 2022
What JSA’s Annual Report Tells Us About Jewelry Crime in 2021Plus, JSA President John Kennedy talks about the trajectory of industry crime over the last 20 years.
Brought to you by
Discover The Extraordinary Italian Jewelry In Las Vegas!Experience all the Italian Jewelry market has to offer in Las Vegas.
CrimeJun 30, 2022
Smash-and-Grab Robbers Hit Booth at TEFAF: Watch the VideoThe fair was evacuated temporarily Tuesday after four suspects smashed a showcase and stole jewelry from British jeweler Symbolic & Chase.
Events & AwardsJun 30, 2022
Nominations Are Open for Gem Awards 2023The 21st annual awards show and gala will take place in New York City next March.
Events & AwardsJun 30, 2022
Registration Open for JIS Fall in Miami The jewelry trade show is scheduled for Sept. 30-Oct. 3 at the Miami Beach Convention Center.
AuctionsJun 29, 2022
Bonhams Expands Again with Purchase of Paris Auction House It is the fifth acquisition under the ownership of private equity firm Epiris, which bought Bonhams in 2018.
MajorsJun 29, 2022
Zales Has a New Diamond CutThe “Celebration Infinite” diamond has more than three times the number of facets in a traditional brilliant-cut diamond, the retailer said.
WatchesJun 29, 2022
Bulova Introduces New Frank Sinatra WatchesThe brand again partnered with the Frank Sinatra School of the Arts High School to celebrate the launch of the “Summer Wind” watches.
SurveysJun 29, 2022
U.S. Platinum Jewelry Demand Starts 2022 on a Strong NoteRetail ounce sales were up 23 percent year-over-year in Q1, according to the recent Platinum Jewellery Business Review.
Events & AwardsJun 29, 2022
Registration Is Now Open for the HardRock Summit 2022Scheduled for Sept. 8-11, the event will comprise more than 310,000 square feet of show floor, exhibits, and education space.
ColumnistsJun 28, 2022
The PR Adviser: Why Should Someone Buy From You?If you’re having trouble answering this question, columnist Lilian Raji can help you get a started with a few fill-in-the-blank statements.
CollectionsJun 28, 2022
Melissa Kaye’s New Collection Doubles the Color“Lenox” marks the designer’s foray into bespoke jewels and large colored gemstones.
Events & AwardsJun 28, 2022
Second AGS Virtual Education Conference Is All About Negotiation Skills“Confluence” is happening in August.
MajorsJun 27, 2022
George Holmes, Longtime Head Editor of JCK Magazine, Dies at 93 He first took a job at then Philadelphia-based Jewelers’ Circular-Keystone in 1963 and retired in 1996.
MajorsJun 27, 2022
Mayors, Analog:Shift Team Up With GoopThe lifestyle platform will stock fine jewelry and watches from the retailers on its website and in store.
CrimeJun 27, 2022
JSA Warns of ‘Pandemic’ of Distraction Thefts Nationwide It cited two recent cases in California, plus incidents in Florida, Kansas, and Illinois.
CollectionsJun 27, 2022
This Designer Has Found a New Way to Bring Gemstones to LifeSvetlana Lazar’s “Wishing Well” collection utilizes an innovative component to mimic the movement of water beneath them.
Recorded WebinarsJun 24, 2022
Vegas Jewelry Recap: The Editors Weigh InWatch the webinar in which National Jeweler’s editors talk about jewelry market week trends and their predictions for the rest of 2022.
MajorsJun 24, 2022
Banter by Piercing Pagoda Celebrates Pride with ‘SayGay’ NecklaceAll proceeds up to $25,000 will benefit the It Gets Better Project, a nonprofit that supports LGBTQ+ youth.
CollectionsJun 24, 2022
Piece of the Week: Marie Lichtenberg’s Hidden Message LocketIt’s a reminder that life is best lived with discretion.
