Elizabeth's High-End Gems Claim Margins of 1482%! | Dragons' Den
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- เผยแพร่เมื่อ 6 ก.ย. 2024
- Elizabeth Galton is well known in the fashion industry and has entered the Den seeking an investment of £110,000 in return for a 20% equity stake, but Elizabeth's luxurious creations worried the Dragons...
An international sensation, Dragon's Den features entrepreneurs pitching for investment in the Den from our Dragons, five venture capitalists willing to invest their own money in exchange for equity.
#DragonsDen #ElizabethGalton #Jewellery
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If Touker was there, his offer would "come at a price" and would be 40%
If Touker had this jewellery in his office space, his real estate would drop in value.
yankees gohome my thoughts exactly
He vaues his "Touker time" very highly indeed!
He doesn't get out of bed for anything less then 40%
Touker was a fetus at this time
Her resume is more impressive than her product to be honest, but fair play to her. She's a lovely woman.
Yes you are right. I think they invested because of her as an individual.
@Lee Winterbottom yes.
It seems fine to say that but that same kind of product is what earned her that resume. I honestly can’t knock either. Great woman and, as for her jewelry market, a good product
Yh markup
@Lee Winterbottom curriculum vitae
She's creating jewellery for royalty now. Come a long way from this episode!
"I wore this to fashion week."
"Did they let you in?"
"...no..."
I don't think she's not worth being let in. She's stylish, classy and elegant.
dominic heldt i think you’re a simp
@@dominicheldt9427 simp
@@novarl5082 just because he called her classy doesn't mean he's a simp are you 9?
@@Claymore-p8n no that's exactly why he's a S.I.M.P. People are either incels or S.I.M.P.S.
Out of joy she mistakenly impaled her investor when they hugged.
On purpose. Not mistakenly. So she still gets to keep all 100% of her company while she walks away with their money
Gotta establish dominance SOMEHOW
Apparently Duncan was bought out a year later and made a profit, she also got a 500,000 investment from 2 different shareholders
"I like a bit of fashion as well"
*opens suit jacket to reveal leopard print lining*
Uh...yeah, ok Simon.
Was at an “adult” bath house and he was there. Was a fan of the “front stroke” in one of the private rooms
Hahaa omg I was thinking that! Reveals some nasty ass leopard print lining 😂😭
When she started talking about the investment banker lady, I thought she was talking about Jenny
Put me in a metal scrap yard for 10 minutes i could make one of those
10 minutes is generous. I reckon I could smash it out in 8.
Yeah it looks like some tech school metal fab students project
Go for it, theres slot of money it seems in crap.
Maybe, but you sure as hell couldn't sell it for what she could.
@@L.C.Sweeney Heavy Metal
The entrepreneur's brain speaking in Duncan Bannatyne's voice: "I'll tell you werrei am.... I'm owt."
@#OUTLANDISH All of that attempt at a weegie accent was horrid, not just the 'oot'.
Underrated comment 😅😅😅
I had the same face as him at the start.
It would be nice if the date of the show was listed - not just the date uploaded to You Tube.
Giovanni P. You can tell when it was by who the dragons are, even if you just wiki which dragons were in which season
Why ?
It gives a better idea as to why a Dragon would invest in something or not or how then interaction would differ between seasons
The only people buying this are wife’s of rich men who are mad that he works all the time so they spend his money so they can impress their friends while complaining about him.
Wives
Pretty accurate, not that i know but it sounds right
perfect comment
Its like a never ending loop they spend his money becasue he working all the time meaning he need to work more, how about he doesn't work all the time?
Strangely specific lmfao
Sadly Touker wasn't there to offer office space in London.
Shes probably the most competent person I've seen on the show. Sure her stuff is weird and niche, but she obviously knows the market and has potential
Social distance jewellery?
getoffofgoogle 😬🤭
I'd love to know what has inspired your username to be getoffofgoogle? Is there a reason for your vendetta? Quite like it!
Needs more spikes for that.
Paul Herd same, maybe it’s just a joke? Or maybe it’s all the stuff that’s came out about them?
YESSSSS!
These garish necklaces would fit in perfectly with the crap they display at "fashion" shows.
Ellessandra Ramsay “Garish” is definitely the word.
Exactly the goofier the better at those "fashion Shows"
They look like those huge wire retainers kids wore in 90s movies. Do they hook up to a tooth brace?!
headgear?? 😂
Like the girl in the dentist's in Little Shop of Horrors.
They look like tacky decorations you'd hang in your garden.
and yet she got investment..........
www.elizabethgalton.com
I would definitely wear one. Right up my street.
@@billyscorner2232 That's the scary thing XD
@@personalpc7439 Looked on the website, definitely prefer the stuff she's selling now than all of this on the video
Looks like something you'd find in a cave on skyrim
Trinkets, odds and ends, that sort of thing
The title is being nice by calling this jewelry quirky.
Its straight up ugly
Edit on (Oct 8, 2021): The title was changed, to better describe the jewelry as "High-End". But its still ugly.
TeamGlobalhawk yeah most couture is
I dont know I quite liked it.
beauty is in the eye of the beholder
Did they edit the title? Now it's "Elizabeth's High-End Gems Claim Margins of 1482%!"
@@bobber0001 yep. I watched it yesterday they definitely uploaded it with a different title.
I don't think there was enough information although she certainly sells herself. She talks about what her margins will be, but she doesn't talk about how much she actually expects to sell. We never got her projected turnovers. I'm not sure where her off the peg jewellery went in the end. According to the internet she ended up working for Links of London, Mappin & Webb and then doing bespoke jewellery.
You watched 14 minutes of a two and a half hour pitch, you know that, right?
@@MsMaryPatricia True, but they probably shouldn't have edited out that information, its fairly significant.
Liz Clegg maybe for a potential investor but for entertainment purposes they probably thought wow it’s a cockroach would be more fun to hear
Liz Clegg ; it’s a business investment pitch, all of it is significant information. But it’s still a tv show for entertainment, not a documentary.
@@lizclegg7556 Her numbers were probably spot-on and as such made for boring TV.
0:03 The pitch hasn’t even started and Simon Woodroffe is already asleep!
You can tell he hated doing this show and couldn't wait to get out.
I thought you said police
You're supposed to wear that stuff ? That first photo looked like an alien was trying to get into her ! LOL !
6000k for THAT gaudy crap??
2:12: Looks like something you'd wear if you'd broken your jaw.
Nope it,s something you wore that broke your Jaw
Just looked her up seems like she is making bespoke jewellery and engagement rings now. Cant see any of these metal creations on her website.
Yeah, she started this business in 2000 and got the dragons on board in December of 2004. The business was dissolved in March 2008 and the dragons both resigned before the end of 2005, so they were involved for less than 10 months. She created an online platform to sell her jewellery in 2011 but it closed down in 2012. In 2017 she started a jewellery consultancy firm and is still doing that today. She is also currently head of marketing at Radley, a UK based jewellery company. Although she isn't making this eccentric jewellery anymore, she is doing quite well for herself it seems.
@@SeriousPlastiek thanks for the update.
@@SeriousPlastiek yeah well, if you walk around constantly showing off to people about what tatty magazines youve been in or what pretentious mug wore one of your beastly chunks of metal i suppose someone'll be thick enough to hire you
@@SeriousPlastiek You know so much about her, Perhaps you also know when she last farted ....
@@therahman8124 He probably knows how it smelt too
Theres so much more banta in these old ones nicer seeing them chat afterwards rather then just sitting there all looking miserable trying to act better then eachother
MsMaryPatricia yeah Jenny is not only always out, but sometimes it’s almost like she wants everyone else to go out just cuz she wants to be right
Doug Richard really meant it when he accepted Bannatyne's offer for a spare ticket
You might not have liked the product, but damn she was amazing
Desperado
amazing
That was a great pitch. This lady has obvious, lucrative powers.
Why would anybody wear something that looks like a metal Facehugger from Alien crawling up your chest?
I swear I thought the same thing!😆
Maybe she secretly works for the Xenomorphs.
She's the Xeno Queen in disguise
You say that like it’s a bad thing.
Comiccon.
She's not being realistic about getting this jewellery to the mass markets, even if it was smaller in size I don't find them appealing at all. One of the large pieces being sold for $6,000 pounds... No way. They'd make better self defence weapons!
I would rather buy a second hand Rolex
Wrong. She made an absolute fortune from this company (it was a huge international success), and then moved on to a highly successful career as a creative director and marketing director for some of England's top jewellery houses, including Mappin & Webb, making jewellery for the Queen and other members of the Royal Family.
"The best idea from the first series was Elizabeth Galton’s jewellery because I invested in it and sold my investment for a whacking great profit." - Duncan Bannatyne
@@remchaill9898 Elizabeth u ok hun
@@remchaill9898 Thankyou! I stand corrected. I still think that those pieces weren't appealing and I love a lot of avant garde design. Good on her, seriously.
@@therahman8124 So would I.
Best ever use of "name dropping"
Just thinking that
She is like a lovely cultured pearl, her products look like large discarded oyster shells and scrap metal.
I hope the smaller saleable items were less grotesque.
I wish her well, though she could probably manufacture her own good luck.
Fools and their money are always attracted towards the Emperor’s new clothes
The deal with Duncan Bannatyne for 55,000 pounds went through, but not the deal with Rachel Elnaugh. Based on the financial statements, Duncan pulled out of the company 1 year later, and the company folded after 3 years later.
That's why I like these old clips, you can immediately know the outcome of the deal.
She turned down Rachel's offer in favour of a different $55k investor with much stronger industry links. Her next round of investment raised $500k. The company didn't "fold", it was a massively profitable international success. She closed it to move on to much bigger things, becoming the creative director of Mappin & Webb, jeweller to the Royal Family. She now has a highly successful career as a global jewellery marketing director.
"The best idea from the first series was Elizabeth Galton’s jewellery because I invested in it and sold my investment for a whacking great profit." - Duncan Bannatyne
@@remchaill9898 Thanks for the full details. I couldn't find anything on Google search other than the company accounts.
@@remchaill9898 hi Elizabeth
Rachel thought she could buy that woman's name. Very greedy and disgusting.
Wow that "jewelry" looks hideous.
Elizabeth's commissions are insanely beautiful, this woman has made pieces for royalty. She really is jewellery making goals 👏 30k with 6 pieces off the back of your Grad collection..... mad 🤯
I guess it's a matter of taste. I think they look amazingly cheap and silly.
@@Candlewick14 Probably also more about having insanely amounts of money with nothing else better to spend it on... So you just buy worthless junk,
1:22 - "off the peg prices"
7:47 - "sold 5 for £6000 each"
Me: yeah safe
You don't carry around 6 grand in your back pocket? What are you? The bottom 99%?
@@munky342 I no longer have netflix because they ended their "one month free" offer
She wasn't referring to that piece being off the peg, those are of her other work she's done. She hasn't got any off the peg products yet
Lmao Netflix jokes
@@jesc5278 taking fookin' liberties
She was claiming that figure as mark up not margin, badly titled clip, margin can never exceed 100% smh
I think she presented herself fantastically
Entrepreneur: Hello dragons I'm 28 years old
Doug Richards: For that reason I'm out!
Only real ones will get this haha
@@SkengStiegenhaus You're a real one!
The best pitch and the most confident replies ever seen and I've watched almost every single Dragons Den..
,.... but lady what the bloody hell is that you've made.
It's like a little piece of Stargate if you made it into a horrendous necklace design
I'm starting to think the entire fashion industry is just an inside joke amongst it's members to see who can get people to buy the ugliest crap.
I love the comic bits Peter & Duncan share in clips from this old seasons!
Man, I miss that dynamic between Peter and Duncan. Loved the quips between those two.
Doug: "Do you have a children's range?"
My god they’re hideous
Clanky, bulky...looks extremely uncomfortable to wear.
Peter Jones looks okay
Bash HAHAHA
So she makes jewelry for , let's say $100 and sells it for $1500. What a ripoff!
As per her projection , when she makes for $1, she can sell for $1500
The cost solely attributable to making one item may be $100 (per your example), but there's a lot of expenses in terms of marketing and other overheads. I suspect these weren't included in her quoted margin.
30% is quite close to the 20% she'd started with. I've seen people accepting much bigger differences than they'd started with. Could have maybe seen about a buy back if it made the money she was meant to.
But then I've seen some people trying to negotiate and the dragon declaring themself out. That being her only offer, one of the two dagons involved declaring themselves out would have been the end.
Elizabeth: My mark up would be 1482%
Title: She claims a 1482% margin.
That's a huge difference
Not my kind of thing but she did really well. Also I always love seeing Duncan and Peter making fun of each other 😂
Peter - I’m just not prepared to sit down and watch beautiful woman walk around with not much on.
Paul Cowderoy Nor would any sane married man. Can you imagine how that conversation would go?
Bloody hell! What a CV!
I think I missed the part about business costs. Mark up on product is irrelevant without the other expenses taken into consideration.
I think we can infer that it's about £100 to make one of those pieces. It's not exactly premium metals, or gems.... It's something you can pick up in the tip.
The title is wrong. A markup of 1,400 percent is not the same as margin. That just means she is charging 14 x cost of goods which is around 7% for cost of goods. Great COGS but she's not giving a ridiculous margin at all. Gross Margin would be 93% (plus other COGS) and then NET margin after operating costs and depreciation/amortization, and taxes. Her markup isn't unreasonable at all.
I can guarantee she doesn’t wear any of that jewellery. Especially not in public
Jasmine Chea she already mentioned in the pitch it’s for press and fashion shows 🤦♀️
@@LethalMartialArtist not my point but ok
The Real Me she’s terrible at business
I'm in the wrong game, 6k for a bit of metal ffs🤣
They are em not very pretty nor look comfortable 😂 Today in lock down my coat hangers are going to be making me rich 😉
Really high end and top quality, made in China. Yeah ok.
I know it's hard for a westerner to appreciate, but the Chinese have a strong history of thousands of years of craftsmanship. All you need to do is look at some of the Imperial era jade carving to see the Chinese are capable of beautiful artistry. Just because they also make your McDonald's Happy Meal toys, doesn't mean they're not still capable of higher quality items. Cheaper labour costs doesn't necessarily mean poorer quality. www.christies.com/img/LotImages/2015/NYR/2015_NYR_03711_0267_000(a_chinese_spinach_green_jade_octagonal_lantern).jpg
SStoj ; you took the words right out of my mouth lol
People always act like they know everything
It can be good quality made in China, however that is an information that would make me pissed. She has margins enough to slap a Made in UK to add more value and perhaps draw more attention. As a supply chain professional I see the value to outsourcing to China, but she lost the point here, her margins are just awesome.
@@SStoj Did the traditional craftmanship survive Mao's collectivism ? Last time I checked chinese history in the red era they literally destroyed all traditional craftmanships to the point of no return. Except Jade craftmanshipt which is more pattern rebuilding than real innovative art and its the only craftmanships that remained...
SStoj HISTORY being the big word, meaning it does not happen anymore. Unfortunately.
''I like a bit of fashion'' says the man dressed like Billy Butlin.
She went on to 'design' & sell the Apple Monitor Stand.
Dragon: *Talks to her*
Her: Yeah,ahah,yea,yes,aha
Probably she was very nervous or thought it is "active listening" but it is quite annoying behaviour.
Margin over 100% is a mathematical impossibility. The people who run The Dragon Dens YT channel don’t understand the difference between MARGIN and MARK-UP. Amazing.
13:23 Duncan sounds so cute here lol
11:05 - "and the whole business would just go POOF!" - Oh, Rachel...awkward bit of foreshadowing there.
Drop dead gorgeous. Elegantly spoken, never thought I'd see a woman with so much class.
I think I'm in love.
@M M @M M that's business. That's how you make money. She's very well spoken, her margin is ridiculous and she's been incredibly successful.
How do you know what the average earner of China earns? How do you know whether she pays the workers in China well?
The UK outsource the vast majority of their products overseas, we are a service nation. We manufacture nothing in this country unless you go to boutique places in the heart of London.
You're probably wearing something made in China / Taiwan, the hypocrisy.
At some point we have all contributed to these countries and they're economy is the fastest growing economy, whether its buying something from Nike or buying some form of pots or pans. We all contributed at some point into these big companies who outsource to developing countries. Should these countries stay in poverty or grow too? If we wear these branded clothes or buy from developing country, we too contribute to these companies, I guess we all have no class by your logic.
@Suspicious Ned what's the low standards? She's well spoken, educated and successful. Am I missing something? Lol. I need to see your standard of women.
9:58 "And I like a bit of fashion as well", says the man with the awkward sideburns and leopard lining.
Im not a fashion people, these are just my observation. Alot of fashion and style is ugly. But what really important to these people are individuality rather than stylishness
Elizabeth had to state her age right at the beginning for Senor Richard
Her jewellery looks mental!
I always enjoy reading through the comments to see how well the person or company is doing. Apparently this one folded after a couple of years.
So, she has to give them the rights to her name, AND an extra 10%
Yup, although I'm not feeling too sorry for her given her 1000% margin on products produced as cheaply as possible by underpaid workers in China.
@@scottkerpen4755 good point, although I'll point out the Dragons don't see to care about that either.
100K for barbwire and guillotine accessories may be the best investment ever. Geez
02:30 - "And all her friends say to her 'What on earth have you got round your neck?' Well, yes I'm sure about that.
Very interesting jewelry. I think you have to have that certain love for them to really understand them
They’re plain hideous. Anyone with common sense would see that.
"but was it the supplement?" is the comeback I never knew existed
What an accomplished and charming young woman.
Rachel: I don't have any money
haha gotta love duncan's laugh :D
Lol the first thing I thought when I saw this "jewelry" was, "How would someone wear that?" And sure enough the first question that was asked after being allowed to look at it was, "How would one wear this?"
Lmao, Peter Jones says: not the kind of guy to look at lady's on a cat walk... 😂😂
Sooo.. Hmm.. Duncan?
I can see her jewelry doing well from a sort of mordern fashion approach. I think her pieces have her interest on the fact that they are so different. My first impression was that they were ugly but the advertisement of the even large piece kind of persuaded me, along with her sales. I personally think this kind of people can be marketed towards someone who wants to show a statement and be different and communicate their eye of fashion. It’s difficult to explain but that’s my opinion, let me know how you guys see it.
Ah yes, the early days of DD when Peter had 30% less hair
Duchess of Cambridge, wears her stuff i.e. Empress Earrings for Mappin & Webb, designed by Elizabeth Galton...She knows her stuff, better than the Dra-Goons.
3:33, Peter 's brain has completely shut down
Peter was really nice telling her he's out. Valid points too. It isn't exactly his style.
Jenny would have slipped one in her hand bag.
Nah. It's not edible.
Had Peter stuttering lol
If we all looked into the mark up of things we buy we would faint at the rip off
The "during the series" Bankrupt Rachel Eleanor put an offer in... 😂😂 Priceless!
In the film demons 2, the girl who turns into a demon after the bad guy comes through the tv, she had one of her necklaces on her
Their faces when she walked in 😆😂
Kept thinking Stargate
Deborah Meaden would have probs been interested in this investment opp.
Nah she would've asked her for a patent in design or whatever it's called
@@Jay-he2mo Lol :o)
And that's why you find an asian jeweller who will give you stuff at less than 100% markup. I recently went to an asian jeweller store to buy a 18k solid gold mens ring that i really liked. The gold content in the ring was worth $700 and I was able to get the ring for $1050. And that's without bargaining too much, I could have gotten the ring for $1000 or maybe even 900 if i was a bit more pushy. It looks as good as any "branded" ring without the crazy 10x markup. I would rather have the pleasure of wearing a real precious ring with actual gold content/resale value than a lame gold plated ring from a high street fashion brand at 10x markup.
0:18 at this point he knew
What’s the guy at the end on about? Was he watching? She asked to lower the equity and was told it was non negotiable.
The American dragon sounds like john malkovich and reminds me a bit of him too.
I hung these as decorations on my Christmas tree...
...the tree died.
this would be big on Etsy
I do kinda understand her equity ask but considering everything she's done and achieved and her clear love of her products I'm surprised she asked for 20%