Do Amore Rings Update | Shark Tank Season 13
The world of diamonds is sometimes less than ethical. Krish Himmatramka wants to change that. His company, Do Amore, sells ethically sourced engagement rings, and each purchase helps build a well to give clean water to communities in need, too. Will the sharks see the sparkle in this company during the
If you’re short on time, here’s a quick overview of what happened to Do Amore after
Krish Himmatramka appeared on
| Shark: | Result: |
| Daniel Lubetzky | Accepted deal of $600,000 for 15% equity |
| Kevin O’Leary | $600,000 for 6% equity and $100 per transaction until he recouped $1.8 million |
| Mark Cuban | No Offer |
| Lori Greiner | No Offer |
| Barbara Corcoran | No Offer |
Shark Tank Do Amore Update
- Entrepreneur: Krish Himmatramka
- Business: Sustainable, ethically sourced engagement rings that provide clean water
- Ask: $600,000 for 6% equity
- Result: $600,000 for 15% equity
- Shark: Daniel Lubetzky
Krish Himmatramka’s jewelry company Do Amore has a complicated business design for a beautiful product.
His mission is two-fold — he provides ethically sourced diamonds and uses recycled metals to make engagement rings. But, that’s not all. Each ring builds a well to provide access to clean drinking water for communities in need.
The company is a success, too. They had a solid $8.3 million in sales during the previous year and were projected to do over $11 million during the year of filming.
Krish started the business with $18,000 of his own money and hasn’t had to raise any additional funds since.
Despite his good intentions, the sharks are skeptical after hearing Krish’s pitch.
Guest shark Daniel Lubetzky goes out first, as it’s not his world.
Mark Cuban follows fairly quickly behind him. He sees it as a business that’s wide open for competitors to step in and do the same thing, so he’s out also.
Barbara Corcoran, on the other hand, said that she wasn’t the right person for the job at all. Surprisingly, Barbara is not really a jewelry person and didn’t receive engagement rings from either of her husbands. Because of this, she’s out.
Despite thinking the valuation is insane, Kevin O’Leary makes an offer anyway. He offers $600,000 for 6% equity and $100 per transaction until he recoups $1.8 million.
After hearing this, Lori Greiner thinks that Kevin’s deal is better than what she would have offered, so she goes out.
Even though he made a quick exit earlier, Daniel surprisingly comes back in at $600,000 for 15% equity. He is impressed by Krish and really believes in him.
Krish attempts to counter for 12%, which causes Kevin to go out.
However, Daniel holds firm at 15% equity. After some back and forth and then agreeing to donate 3% of his shares to the charity, Krish accepted the deal as offered.
So, was this a good partnership for Daniel? Let’s find out in our Do Amore update.
As we were researching for our Do Amore update, we found that the company now offers earrings, necklaces, and milestone jewelry in addition to engagement rings. All are available for purchase directly from the Do Amore website.
These offerings also work towards to goal of providing clean drinking water all over the world. Plus, every ring is still made from recycled metals and sustainable materials.
As of December 2023, Do Amore has built 60 wells and given clean water to 16,520 individuals.
Customers love the beautifully crafted jewelry and benevolent mission, with the company earning five-star reviews on wedding sites like The Knot and Wedding Wire. On Instagram, Do Amore has close to 35,000 followers.
According to Women.com, Do Amore got so much traffic after the episode aired that the website crashed. Additionally, the company continued to find success, with $11 million in sales in 2021 and $12 million in 2022.
Things are looking up for this company and its impact. We can’t wait to see what the next Do Amore update reveals!
Before you go, check out our other company updates from Season 13 Episode 16:
If you want to know about the other companies featured in Season 13, check out the company updates on our Season 13 products page.
Kimberly is a writer for Shark Tank Recap. She has written episode summaries and updates across multiple seasons of Shark Tank, with a focus on complete and accurate information since 2021. She believes that getting the business aspects of each deal correct is extremely important for viewers and fans. Her favorite Shark Tank products are The Wobbles and Rocketbook!