Jewelry is loved and adored by every other person, and it’s considered a fashion statement for many. The global jewelry market size is projected to reach USD 266.53 billion by 2027.
Rings are jewelry pieces often symbolically used with commitment, weddings, relationships, etc. And just to make it clear, rings are circles. If we study history, circles have always been associated with perfection, wholeness, totality, eternity, timelessness, etc.
Diamond, platinum, gold, silver, or any other metal can be used to craft rings. But the real craftsmanship in jewelry making is how the artist has designed the article. Spoon rings are also a famous type of ring that is made from the handle of a spoon. The idea of making spoon rings originated in England during the 17th century.
The spoon rings are made from silver, and these rings often symbolize love and commitment. Despite being an old tradition, spoon rings are still adored and valued by a lot of people for marriage proposals. Tristen Ikaika is also such a brand that deals with crafting spoon rings. They appeared on Shark Tank to improve the advertising and branding.
This article is about Tristen Ikaika Rings and what happened to the spoon rings after the Shark Tank. So let’s get into it.
A Little About Shark Tank
Shark Tank is a business reality show aired on American TV where big investors are panelists or sharks. Different businesses pitch their ideas and businesses to the sharks for seeking investment, loans, or expertise. 13 seasons of Shark Tank America have been aired with over 1300 episodes.
The reality show was aired for the first time in America in 2009. It’s a franchise of Dragon’s Den, a reality show based in Japan that started under the name Money Tigers in 2001.
Many people think that every deal made on Shark Tank is actually executed. However, 20% of won deals are not actually executed after the detailed analysis and viability of the businesses.
After the initial willingness of the Sharks, the due diligence, business analysis, and valuation are done. It’s done to see if the business is actually of the worth as claimed by the founders.
What Is Tristen Ikaika Rings?
Tristen Ikaika is a company that deals in manufacturing, designing, and distributing the SAD BOI rings. The name of the company is after its founder Tristen Amal Ikaikamaikai’ikaneokalani Persons. He selects spoons and then sculpts them into eternal pieces.
Tristen Amal Ikaikamaikai’ikaneokalani Persons is known as Tristen Ikaika to everyone who follows him. The company began in 2017, and the story of this business started from a spoon he took from his parents. Tristen is often referred to as Ring King as every collection of his rings sells out in hours. The SAD BOI ring’s most applauded and best-selling item of Tristen Ikaika rings. SAD BOI ring is a silver ring with two eyes crying and a nose on the pinky of a hand.
Founder Of Tristen Ikaika Rings
The company’s founder is the crafter and creator of the rings, Tristen Amal Ikaikamaikai’ikaneokalani Persons. The company’s story started with the spoon Tristen got from his parents. He is called Ring King for all the right reasons, as every piece created by him is unique, timeless, and valuable.
The most unique thing about the brand is that every spoon used for making rings is hand-picked by Tristen while he is traveling.
Background Of Founder
The personal background of Tristen is even more profound and impressive. He was born and brought up in Utah. The formal education of Tristen is not public, but he had worked as a professional photographer and videographer on his travel journeys. It won’t be wrong to call him a self-proclaimed travel blogger.
Tristen was 12-years old when he first got impressed by the idea of converting cutlery into rings. A friend of his father used to make rings out of spoons. Tristen realized that rings are often the fashion statement and symbolic of the wearer’s personality. He got more interested in this art and ended up with his own jewelry company.
His interest in spoon rings led him to have his own workshop during his school years. He would use to craft rings from cutlery that were quite famous among his social circle and schoolmates. Instagram gave the right exposure to his business, and people loved how he would design the rings, and it became a viral phenomenon.
Business Idea Of Tristen Ikaika Rings
We have already had a sneak peek at how the idea of Tristen Ikaika rings struck Tristen’s mind. He got inspired by his father’s friend Cody Barker, who used to convert spoons and forks into rings. He was impressed and started his own business selling spoon rings.
He was a 19-years-old broke boy who wanted money. The art of making spoon rings then got into action and turned into a million-dollar business that Tristen has been scaling since then.
How Does Tristen Ikaika Rings Work?
The Ring King chooses forks and spoons while he is traveling to different regions, cities, states, etc. He adds a personalized touch to every ring. For instance, he would add the experiences of his travel journey where he picked the specific culinary item that is used in making the spoon rings.
Whenever a ring is shipped to a customer, it is accompanied by a customized note for the customer. The note comprises the designing process or travel pictures, the thought behind the design, etc. These little gestures brought Tristen Ikaika to the spotlight, and his brand has become a popular one.
Spoon Rings On Shark Tank
Tristen Ikiaka’s spoon rings appeared on Shark Tank in the 13th season and 12th episode. Here is a sneak peek into what happened at Shark Tank and after Shark Tank.
The main purpose of Tristen Ikiaka for coming on Shark Tank was to capitalize on the expertise of Sharks to help him with paid marketing efforts to grow his brand. According to the Ring King, his brand was standing on the foundation of social media. He explained the idea of spoon rings, the thought process, making of spoon rings, and how he takes inspiration and spoons from his travel trips.
When he was pitching his idea, he talked about his parent’s illness. When talking about his father’s heart attack and her mother’s breast cancer, Tristen got emotional.
To add an extra to his pitch, Tristen had the samples for the guests. Every guest checked the rings in press boxes, and most of them were quite impressed. Daymond couldn’t stay back to appreciate the beauty of rings and how each piece is classic and loveable.
What Happened To Spoon Rings After Shark Tank?
Tristen Ikiaka asked for $250,000 against a 5% stake in his company. According to this ask, he had valued his company at $5 million. Therefore, the net worth of the company was $5 million.
After listening to his story, company story, projections, and expectations, the Sharks gave the verdict to the 20-years-old entrepreneur. According to Mark, the business is not scalable, making it a no for him. On the other hand, Lori was convinced that the business would be profitable but not investable. It made the second Shark also out of the deal. Daymond also didn’t come in.
Kevin offered the young man $250,000 as asked by Tristen against a 50% stake in the company. Barbara came in to offer the asked amount against 20% stakes in Tristen Ikiaka rings. The offer was countered by Kevin for a 15% stake. Finally, the company’s founder went into a deal with Kevin’s offer.
|Company Name||Tristen Ikiaka Spoon Rings|
|Founder||Tristen Amal Ikaikamaikai’ikaneokalani Persons|
|CEO||Tristen Amal Ikaikamaikai’ikaneokalani Persons|
|Industry||Fashion and Jewelry|
|Target Audience||Men, Women, Unisex|
|Vision Of Business||Convert culinary into the rings|
|Net Worth||$1.5 million|
|Ask By Founder||$250,000 for 5%|
|Final Deal||$250,000 for 15%|
We have discussed everything about Tristen Ikiaka’s company. How Shark Tank gave this entrepreneur the right breakthrough and turned into a valuable and scalable business. We hope this article is all you need to update yourself about Tristen Ikiaka in 2022.