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.
Editors' Picks
Sponsored by
More on Independents
The Latest
SourcingApr 14, 2026
De Beers Expands ‘Desert Diamonds’ Beacon Into BridalThe campaign seeks to reignite desire for natural diamond engagement rings by highlighting the “distinct character” of warm-toned diamonds.
FinancialsApr 14, 2026
LVMH’s Q1 Sales Sink 6% Amid Middle East ConflictPlus, how Saks Global’s bankruptcy affected the luxury giant’s first quarter.
SourcingApr 14, 2026
International Jade Summit to Return to MontereyPresented by Mason-Kay Jade, the summit, in its second year, will again be held during the Monterey Bay Jade Festival.
Brought to you by
Las Vegas Antique Jewelry & Watch Show: Showcasing the Most Collectible Merchandise from Across the GlobeGain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.
Events & AwardsApr 14, 2026
CBG Releases Details for Las Vegas ShowThe group has announced its lineup of speakers and a new “Rising Stars” pavilion.
Weekly QuizApr 09, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsApr 13, 2026
Uniform Object’s New Jewelry Collection Centers on the ‘Carbon Form’The “Carbon Form” collection explores the contrast between high and low materials, using rubber cord alongside 18-karat gold and gemstones.
Events & AwardsApr 13, 2026
JA Accepting 2026 Impact Initiative ApplicationsThe program provides essential funding to organizations for projects that enhance the jewelry industry.
Brought to you by
Protect Your Customers and Your BusinessYou deserve to know what you are selling–to protect your customers as well as your business and your reputation.
Events & AwardsApr 13, 2026
Couture Announces New Show in MiamiThe jewelry trade show is launching its first open-to-the-public event in Coconut Grove this November.
CrimeApr 13, 2026
JSA Offers Reward in Oregon Jewelry Store Armed RobberyJSA is seeking information about the gunpoint robbery of a Kay Jewelers location in Oregon’s Washington Square Mall.
WatchesApr 10, 2026
These Watches Have Increased in Value the Most Since 2018, Says Chrono24The top-performing watch models may be surprising, with Rolex and several popular pandemic-era picks notably absent from the top 20.
CollectionsApr 10, 2026
Ophelia Eve’s Toggle Pendant Holds Your SecretsThe “Scroll” toggle pendant, our Piece of the Week, opens to reveal a hidden message, mantra, or love letter written on washi paper.
ColumnistsApr 09, 2026
Jewelry Demand Isn’t Stronger, Prices Are Just Higher Jewelers who misinterpret the state of the jewelry market risk employing the wrong retail strategy, cautions columnist Sherry Smith.
MajorsApr 09, 2026
Tiffany & Co. Promotes Nathalie Verdeille to SVP, Chief Artistic OfficerIn her newly expanded role, she will continue to oversee the jewelry category, as well as watches, home, and accessories.
WatchesApr 09, 2026
Jacob & Co. Rolls Out Its Sequel to ‘The Godfather’ Musical Watch“The Godfather II” watch plays two melodies from the mob film’s score, “The Godfather’s Waltz” and “The Godfather Love Theme.”
Events & AwardsApr 09, 2026
JCK Announces Jesse Itzler as 2026 Keynote SpeakerOrganizers have also introduced the new JCK Talks Signature Series, as well as an offering of watch-focused workshops and lectures.
SourcingApr 09, 2026
AGA To Honor ‘Quiet Leadership’ With New AwardThe Alan Hodgkinson Medal recognizes gemologists who are consistently generous with their time and expertise.
WatchesApr 09, 2026
Oris Names New CEO, CFOThe Swiss watchmaker is changing up its executive leadership team as part of a restructuring.
CollectionsApr 08, 2026
Hearts On Fire Celebrates 30 Years By Asking a QuestionThe “What’s Your Signature?” campaign invites women to think about how they see themselves.
SourcingApr 08, 2026
Sale of 42-Carat Blue Diamond Gives Petra a Boost in Q3The big diamond’s sale added to the company’s revenue though the market remains “challenging” overall, particularly for smaller goods.
Events & AwardsApr 08, 2026
AGS Confluence Returns with AI, Sustainability SessionsRob Bates of The Jewelry Wire will also moderate a panel on the state of the jewelry industry during the virtual event.
Events & AwardsApr 08, 2026
TJS to Honor 2 Longtime Former Stuller EmployeesThe Jewelry Symposium will honor two industry veterans with lifetime achievement awards at its upcoming May event.
TrendsApr 08, 2026
Amanda’s Style File: April’s Brilliant Birthstone With their durability, brilliance, and beauty, diamonds are the perfect stone for everyday birthstone jewelry.
MajorsApr 07, 2026
QVC Group’s Latest Filing Calls Its Future Into QuestionThe retailer failed to file its annual report on time and said it may issue a going concern warning.
ColumnistsApr 07, 2026
Peter Smith: A Tip to the Post Office on Workplace CultureSmith recounts a recent trip to the post office that included an uncomfortable, embarrassing, and public exchange between two employees.
GradingApr 07, 2026
GIA CFO David Tearle to Retire in June John Cowley, who has more than 30 years of experience, is succeeding Tearle as the lab’s chief financial officer.
CollectionsApr 07, 2026
Nerd Out Over Gemology Geek’s First Jewelry CollectionFounder Erica Silverglide has designed 35 colorful pieces set with fluorescing gemstones for the brand's first finished jewelry offering.
