Aldo Orta Jewelry Shark Tank Update | What Happened to Aldo Orta Jewelry after Shark Tank?
What is Aldo Orta Jewelry?
Aldo Orta Jewelry is a firm that specializes in creating jewelry that reflects Mexican history as well as other mythical and cultural motifs from throughout the world.
The jewelry is fashioned from precious and semiprecious stones, as well as precious and semiprecious metals like as gold, silver, and platinum.
Aldo Orta, the company’s creator, is a Mexican native. He earned a Fine Arts degree in Mexico before moving to Los Angeles to pursue another degree at UCLA.
Early in his career, he staged designs for concerts and built sets for video productions in Los Angeles. For five years, he was also a director of Marriott International (MAR).
Who is the founder of Aldo Orta Jewelry?
Aldo Orta is the founder of Aldo Orta Jewelry, which was founded in Mexico. He received a Fine Arts degree in Mexico before moving to Los Angeles to pursue a degree at UCLA.
He eventually developed an interest in mythology and spirituality and began making spiritual meaning and enlightenment jewelry.
He has expanded his artistic palette to include paintings and sculptures in addition to jewelry. The Alexander the Great Collection, the Dante Collection, and The Sword Collection were Aldo’s first collections.
Many of his decorations were sold in the United States and Mexico by shops. During its early years, the corporation catered to politicians and celebrities including Elizabeth Taylor, Calvin Klein, and Kim Kardashian.
The most difficult challenge for him is realizing that anytime he goes into contracts, he forfeits the rights to the uniqueness of his ideas. Commercializing the items diminishes the distinctive qualities that his customers cherish.
In 2011, the firm decided to seek further finance in order to sell its products to the general market at a reasonable price.
What Happened to Aldo Orta Jewelry at Shark Tank pitch?
In episode 208, the Sharks meet Aldo Orta, who introduces his Aldo Orta Jewelry collection. Aldo Orta desires a Shark to assist with product marketing and distribution.
Aldo Orta enters the Shark Tank seeking $180,000 for a 45% stake in his firm, which is worth $400,000.
He notes that his previous clientele have included celebrities and government officials. He aims to introduce his ideas to a more cheap market, making jewelry more accessible to the ordinary wearer.
Following that, he distributes examples of his work, impressing the Sharks with the caliber of his work. Robert Herjavec is curious about the inspiration behind Orta’s designs.
According to Aldo Orta, he uses a range of ethnic symbols and mythical figures to encourage togetherness and celebrate life.
The Sharks are skeptical that the expensive designs will be successful in the general retail sector. They want to know whether he can create a line that sells for less than $200. “Is this mainstream enough that Mrs. Lipinski in Des Moines wants this stuff?” Kevin O’Leary wonders.
Kevin Harrington is curious whether Aldo Orta has approached any television sales shops. Aldo Orta adds that QVC is interested in his ideas but seeks a $50,000 investment. Aldo Orta’s lack of expertise marketing to the mass market worries Harrington.
Kevin O’Leary believes that Aldo Orta is the company’s worth, and that the investment is too risky. He goes out.
Daymond John does not feel that people are buying jewelry in the present economic climate. He also goes out.
Robert Herjavec believes that the price point is too expensive for the big scale market in Middle America. He exits.
Barbara Corcoran praises Aldo Orta’s enthusiasm and general appearance. She makes a $90,000 offer half of the investment Aldo Orta requested, with the QVC deal as a backup plan. Aldo Orta must persuade one more Shark to join him.
Kevin Harrington is acquainted with QVC. He’s been on the fence, but with Barbara Corcoran’s help, he provides the remaining $90,000, bringing the total to $180,000 for 50% equity shares in the firm.
Finally, Aldo Orta has reached a deal with two Sharks and fled the pitch with a deal.
What Happened to Aldo Orta Jewelry after Shark Tank?
The deal with the Sharks never finalized after the show aired, but Orta’s collection of jewelry and accessories has taken off. His accomplishment was highlighted in an update piece in episode 411.
Today, his website sells not just personal jewelry, but also artwork for the house, such as sculptures and other works of art. He was also engaged as a jewelry designer by QVC.
He is still producing jewelry as of January 2022. At this time, reliable income numbers are unavailable.
Competitors of Aldo Orta Jewelry
Aldo Orta Jewelry competes with San Miguel Jewelers Company in the market space.
Net Worth of Aldo Orta Jewelry
The company valuation was $400,000 during the pitch, since then the company is still operating as of January 2022 and hence the company net worth might have increased.
Aldo Orta Jewelry FAQs
What is Aldo Orta Jewelry?
Aldo Orta Jewelry is a company that specializes in designing jewelry that symbolizes Mexican history as well as other mythical and cultural influences from throughout the world.
The jewelry is made of valuable and semi-precious stones, as well as precious and semi-precious metals like as gold, silver, and platinum.
Who is the founder?
Aldo Orta is the founder of Aldo Orta Jewelry.
How much was Aldo Orta seeking on Shark Tank?
Aldo Orta was seeking for $180,000 for 45% equity in his business, which worth $400,000.
Did he have the deal?
Yes, he did get a deal from Kevin Harrington and Barbara Corcoran.
How much was the deal?
They offered $180,000 for 50% ownership of the company, but they never finalized the deal.
Is Aldo Orta Jewelry is still in business?
Yes, it is still in business as of January 2022.
Where is Aldo Orta Jewelry located?
Aldo Orta Jewelry has both a manufacturing and design locations in Los Angeles, California.
Who is the CEO of Aldo Orta Jewelry?
Aldo Orta is the CEO of Aldo Orta Jewelry.
What does Aldo Orta Jewelry sell?
Aldo Orta Jewelry sells a variety of fine jewelry and accessories, including necklaces, bracelets, pendants, rings, earrings and other pieces made from gold and silver.
Who are the customers of Aldo Orta Jewelry?
The majority of customers are from the United States and Mexico, but they have also had a demand from Australia, China and India.
What is Aldo Orta Jewelry website?
The official website for Aldo Orta Jewelry is https://www.aojewelry.com/
How many employees does Aldo Orta Jewelry have?
Aldo Orta Jewelry currently has 4 employees.
Is Aldo Orta Jewelry a publicly traded company?
Yes, it is a publicly traded company and its stock is listed on the OTC Pink Current Information Marketplace. At the time of writing, there was not a current market cap available for the company.
Is Aldo Orta Jewelry a private of public company?
Aldo Orta Jewelry is privately owned.
Is Aldo Orta Jewelry shipping?
Yes, it ships worldwide.
What is the payment cycle of Aldo Orta Jewelry?
The payment cycle for Aldo Orta Jewelry is approximately 60 days.
Is there a discount code for Aldo Orta Jewelry?
There is no discount code available at the time of writing.
What is the return policy of Aldo Orta Jewelry?
Aldo Orta Jewelry has a 30-day return policy.
How do I pay for Aldo Orta Jewelry?
Customers can pay for Aldo Orta Jewelry with their major credit card.
Where can I buy Aldo Orta Jewelry?
Aldo Orta has a website and will be available in all major retailers and on their online marketplace.
Where is Aldo Orta now?
Aldo Orta is still operating the company as a CEO as of January 2022.
What is the net worth of Aldo Orta?
Aldo Orta has an estimate net worth of $10 Million.