Kordas

Early Stage

Amber Jewelry for Premium Market.

Analytics

Raised to Date: Raised: $0

Aggregate Commitments $

Platform

StartEngine

Start Date

11/29/2017

Close Date

02/21/2018

Min. Goal

$10,000

Max. Goal

$107,000

Min. Investment

$250

Security Type

Convertible Note

Funding Type

RegCF

Valuation Cap

$5,000,000

Discount Rate

20%

Rolling Commitments $

Status
Not Funded
Reporting Date

02/21/2018

Days Remaining
Not Funded
% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Location

New York, New York

Industry

Apparel & Fashion

Tech Sector

The perfect piece of jewelry can make any outfit stand out. When it’s amber jewelry, it makes even more of a statement.

That’s especially true when the jewelry comes from Kordas Co. Kordas Co. is a producer, importer, and distributor of Amber jewelry, including Baltic Amber. Kordas’s jewelry collections are designed and handcrafted by artists in Gdansk, Poland, right on the Baltic Sea, which is home to the world’s most plentiful, beautiful, and ancient fossilized Amber, or Baltic Amber. Kordas Co. has been on the market for 10 years as a well-established, profitable, and fashionable Amber jewelry company, and they offer everything from traditional pieces like earrings, necklaces, bracelets, and rings, to cufflinks, carvings, and pendants.

Kordas Co. currently sells their jewelry to the premium market. They do this through wholesale and direct to consumer through trade shows, representatives, and their online stores. Currently, they have ten trade shows planned for 2018 in the US and one show in Hong Kong. Now, with this crowdfunding venture, they’re looking to expand and bring their luxury Amber jewelry line to a larger clientele. Specifically, they want to focus on securing a showroom in the accessory district of Manhattan and increasing the company’s inventory levels to prevent stockouts.

The global jewelry industry has annual sales of an estimated $157 billion, which is forecasted to grow 4-5% annually, totaling $266 billion by 2020. The market for Amber jewelry is also increasing significantly, particularly in China, where sales increase an average of 4.7% yearly. As a result, the price of Amber has skyrocketed, increasing 50-60% since 2010. With Kordas’s jewelry being marketed as a luxury Amber jewelry line with a boutique image that conveys attention to detail and an elegant design, the demand for their pieces will only continue to increase, ultimately also growing their brand awareness and profit margins.

The bottom line? With Kordas Co.’s Amber jewelry, you can put together the exact look you want -- one that is trendy, unique, and fresh. And that’s the type of look never goes out of style.

“Who Should Be Interested in This Offer:”
If you’re someone who loves unique jewelry for yourself or as gifts, or if you own a specialty or boutique jewelry store, then investing in Kordas Co.’s line of luxury Amber jewelry could be for you. Their pieces convey exquisite attention to detail and are the perfect finishing touch for either an elegant or trendy look.
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Platform: StartEngine
Security Type: Convertible Note
Valuation: $5,000,000

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