Carat & Co. Defines Luxury In Flushing: AAPI Businesses Shaping America | Forbes

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Americans of Asian ancestry have been part of the story of the United States for over a century. Despite a long history of setbacks ranging from the Chinese Exclusion Act of 1882 to the more recent wave of COVID-19 related hatred and violent attacks, AAPI communities represent one of the fastest-growing demographics in the country.

For many AAPI families, the ability to survive, prosper and build a better life for future generations has been through entrepreneurship – everything from owning a small business to building a national household name.

Carat & Co. started when Allen Mon moved to the United States and opened a small stall at a flea market. From there, he built his company to be one of the premier watch and jewelry shops in the New York area. His children now run the business by his side, combining Mon’s traditional business practices with new strategies to increase their growing online presence.

In this four-part series, we talked to family-owned and operated businesses where both the elder and newer generations are hard at work, to find out how they started and what the American Dream means to them.

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