Ashes-to-Diamonds Startup Scores on ‘Shark Tank’
Posted: Tue Oct 15, 2019 6:32 pm
Oh good grief, Mark Cuban got taken for 600 grand on this one. Hope he reads this article and sees the link to the Jewelry Adjuster's report with the free e-book, but even if he does, it's too late to back out now.
Apparently somebody messed up the figures when they printed this...
... because if they're really selling some for what it costs to grow them, somebody's head's going to roll, only they won't be laughing.
Ashes-to-Diamonds Startup Scores on ‘Shark Tank’
October 15, 2019 by Rob Bates
"An ashes-to-diamonds company netted a big investor on the Oct. 13 episode of Shark Tank—billionaire Mark Cuban.
Austin, Texas-based Eterneva says it changes carbon from people’s remains into lab-grown diamonds using the high-pressure high-temperature (HPHT) method.
While other companies have offered similar services, cofounder Garrett Ozar said on the ABC show that his company does three times more business than its competitors, according to a CNBC summary of the show. He projects it will do $27 million in sales this year.
“What we do is grow real diamonds from the carbon in someone’s ashes,” he said. “But really, we’re in the business of celebrating remarkable people. Our diamonds give you something positive to look forward to.”
Ozar and cofounder Adelle Archer originally wanted the “sharks” to invest $600,000 for a 5% stake in the company—reflecting a $10 million valuation set by prior investors. But, after a frenzied round of negotiations—accompanied by ominous music—Cuban agreed to invest $600,000 for a 9% stake in the company. ... "
I cut it off at the video since I can't embed it.
https://www.jckonline.com/editorial-art ... hark-tank/
Here's the link to the Cremation Diamond Report's free e-book:
https://cremationdiamondreport.com/index.html
Apparently somebody messed up the figures when they printed this...
It costs Eterneva between $3,000 and $5,000 to grow the diamonds, and they charge between $3,000 and $20,000, with the average order being $8,000, CNBC said.
... because if they're really selling some for what it costs to grow them, somebody's head's going to roll, only they won't be laughing.
Ashes-to-Diamonds Startup Scores on ‘Shark Tank’
October 15, 2019 by Rob Bates
"An ashes-to-diamonds company netted a big investor on the Oct. 13 episode of Shark Tank—billionaire Mark Cuban.
Austin, Texas-based Eterneva says it changes carbon from people’s remains into lab-grown diamonds using the high-pressure high-temperature (HPHT) method.
While other companies have offered similar services, cofounder Garrett Ozar said on the ABC show that his company does three times more business than its competitors, according to a CNBC summary of the show. He projects it will do $27 million in sales this year.
“What we do is grow real diamonds from the carbon in someone’s ashes,” he said. “But really, we’re in the business of celebrating remarkable people. Our diamonds give you something positive to look forward to.”
Ozar and cofounder Adelle Archer originally wanted the “sharks” to invest $600,000 for a 5% stake in the company—reflecting a $10 million valuation set by prior investors. But, after a frenzied round of negotiations—accompanied by ominous music—Cuban agreed to invest $600,000 for a 9% stake in the company. ... "
I cut it off at the video since I can't embed it.
https://www.jckonline.com/editorial-art ... hark-tank/
Here's the link to the Cremation Diamond Report's free e-book:
https://cremationdiamondreport.com/index.html