Entrepreneur Aldo Orta pitched his jewelry line during
If you’re short on time, here’s a quick overview of what happened to Aldo Orta Jewelry after
Aldo Orta appeared on
|Barbara Corcoran & Kevin Harrington||Accepted deal for $180,000, for 45% equity|
|Kevin O’Leary||No offer|
|Robert Herjavec||No offer|
|Daymond John||No offer|
Shark Tank Aldo Orta Jewelry Update
- Entrepreneur: Aldo Orta
- Business: Unique jewelry pieces
- Ask: $180,000 for 45% equity
- Result: $180,000 for 45% equity
- Shark: Barbara Corcoran and Kevin Harrington
Founder of Aldo Orta Jewelry, Aldo Orta walks into the tank accompanied by his jewelry models. He talks about his extensive career designing jewelry for the creme de la creme- from celebrities to royal customers around the world.
Now, he plans to create a more affordable line for the rest of jewelry lovers, who may not have the same budget as his typical customers. He passes around samples of his jewelry to the sharks, comparing the two lines and emphasizing the high quality across the board.
Robert Herjavec wants to know more about the creative design, and inspiration for the jewelry. Aldo says that his pieces are basically inspired by mythologies of all cultures, designed to unify people of all beliefs.
Kevin O’Leary asks if Aldo has any other designers. He says the pieces are all his own designs, reiterating that he is a one-man show.
Barbara Corcoran asks if he could design pieces under $200, and Aldo says he already has a few available. Then, Kevin Harrington asks Aldo if he’s talked with any TV shopping channels.
It turns out, that Aldo is actually in talks with QVC. Further, they want $50,000 for the first order, which is why Aldo came to the tank.
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Kevin H. is concerned about entering the mass market with no experience, so he is ultimately on the fence.
Although Kevin O. thinks that the pieces are unique, he’s not comfortable with the risk of the one-man show. For this reason, he is out.
Daymond John says the jewelry is beautiful, but goes out because he doesn’t think people are looking to invest in jewelry after the recession.
Likewise, Robert also goes out, because he thinks that the price point is just too high for the middle American market.
However, Barbara is intrigued by Aldo and the business. She wants to put in half the money, contingent on Aldo getting the QVC deal.
This ultimately leaves the door open to another shark for the rest of the investment. Just then, Kevin H, who has knowledge of QVC, agrees to go in.
He offers to invest the rest of the money, with a joint offer of $180,000, for 45% equity. Aldo eventually agrees to the deal.
Do you think the company continued to grow after that? Keep reading our Aldo Orta Jewelry update to find out.
Our Aldo Orta Jewelry update reveals that the two-shark deal never closed. Despite this, the business continues to operate.
It appears that Aldo Orta Jewelry was available through QVC for a time, which has been reported to have significantly increased sales for a time.
However, at the time of this writing, it appears to longer be available through the QVC website.
While there is no clear data on yearly revenue for this company, their website is still up and running, so we assume that sales are still coming in. You can find several of Aldo’s pieces, being offered on the Aldo Orta Jewelry website.
It also looks as though he may have pieces available at The Leigh Gallery, in Chicago.
If we learn anything new about this company, we’ll be sure to let you know. In the meantime, check out our other company updates from Season 2 Episode 2 below:
For even more on companies and products, be sure to stop by our Season 2 Products Page!
Jennifer is an avid Shark Tank fan that has been watching the show for years. She serves as Senior Editor at Shark Tank Recap and ensures that all our information is accurate and that our posts are up to date. Her favorite Shark Tank products are Le-Glue and Ring!