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Carat & Co. In 2010, Allen and Lisa’s three kids, Melissa, Tiffany, and Derek, joined the family business, renaming it to Carat & Co. Having seen their parents working endlessly in the business, Melissa, Tiffany, and Derek grew up appreciating these watches and their parents' passion. In 2015, the family opened a new three-story boutique in the heart of downtown Flushing’s Main Street, home to over 25 luxury watch and link jewelry brands.