Success has a way of finding Akshay Andy Anand, CEO of Karats, a luxury jewelry retail business in Overland Park, Kansas. In addition to growing his family-owned company by leaps and bounds over the past two years, Andy has been recognized as an industry leader and as a savvy businessman. He has had several challenges in his business, but he has been able to overcome them with a combination of smart practices and traditional family values.
In 2016, Andy Anand and Karats were recognized by The Knot, an internationally-known online website that is billed as the world’s “personal wedding planner”. Karats Jewelers was voted by the website and its users as the number one engagement ring store and the Best of Weddings in the greater Kansas City area. This marks the third year in a row for that recognition; Karats also won in 2014 and 2015. The Knot uses a careful evaluation system that includes business practices, selection, pricing, and customer service aspects. Andy’s company excels in providing its customers an unparalleled retail experience, and the continued recognition from The Knot demonstrates Karats’ commitment to its many customers.
Industry partners have also showered Andy’s company with accolades. In 2016, the luxury jewelry design firm Tacori selected Karats as its sole Tacori Platinum Partner in the state of Kansas. Another well-known jewelry designer, Verragio, renewed Akshay’s retail operation as the Exclusive Premier Boutique status – the only jewelry store in the Kansas City metro area to hold such a distinction. Karats was able to add several new watch brands to its extensive collection, including Longines, Tudor, and Luminox.
Two robberies occurred at Karats during the 2015 calendar year, both within 60 days of each other. Although the loss of inventory was great, Andy was able to rebuild and improve his business operation quickly. These setbacks gave him the ability to add enhanced security features to the retail store and also helped him build a partnership with the law enforcement community and government officials of Overland Park, Kansas, where the jewelry shop is located. The store received assistance from the City itself as well as through the hard work and dedication of family and friends. Throughout the changes and upheavals, Andy and his company never wavered in their service to their customers.
While AkshayAnand is still a young man, he has already received many awards, both for his work with charity organizations and as a successful businessman. In 2010, Ingram’s Business Magazine placed him on the publication’s annual “20 In Their Twenties” listing. Every year, the publication selects young entrepreneurs from the Kansas City area for their achievements. Two years later, I Think Bigger, a well-known regional business journal, nominated Andy and Karats Jewelers for the annual Kansas City Smart Company Award. In 2011, Andy Anand was the first runner-up for the Man of The Year award presented by the Leukemia and Lymphoma Society. Andy’s work in raising over $26,000 in donations for the charity helped ensure his place among the Kansas City area’s most active and most generous philanthropists. He continues to give his time and his funding to several other charitable organizations in the Kansas City area as well as to national and international groups.