Robert Klayman
Pasadena, CA (USA)
Role(s):
Founder/Owner/Principal
RAK Group Holdings Inc.
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Startup
Location:
Pasadena
Industry:
Other
Year Founded:
2015
Number Employees:
10-50 people
Business Stage:
Creation/Idea
Entity Type:
"C" Corporation
Description:
ABOUT OUR PROJECT/COMPANY: This is a financial program. We are not doing business in the diamond industry. This is an asset-based program. Our basis program is acquiring rough-cuts diamonds from Sierra Leone, with only 10% down with 12 months terms. We bring to India to cut and polish (now becomes GIA Certified diamonds) and increase their value by 2-4 times. This is where we make our money. Then we put the GIA Certified stones in vaults in the free zone in Dubai, at which time we appraise them and monetize (borrow) against the asset. We borrow only the amount we need to expand at our ability at that time, since we pay back the loan within 12 months. From the borrowed funds, we pay back any bridge loans within this 90-day period and purchase more rough-cuts to expand our program. A 10,000 carat acquisition would result in acquiring over 1 million additional rough-cuts over the next 18-months.