Hello.
A $800 device can have about $8 in parts...
There is several 'ghetto' versions you can try. Pic ANY frequency of your choice and test. Or perhaps, sweep a frequency range. TEST is the hardest part of your project.
I always wondered if a piezoelectric lighter, properly waterproofed with the terminals at the tip of a pole can give a shock to its nearby zone, (includes the diver) when triggered.
My favorite plan (to try yet) is a 200mW waterproofed green laser. Aimed to shark eyes, should produce permanent blindness in less than one second, and from a safe distance... if you see it coming.
Especulating, try if protects the rear end, attaching magnets to the fin tips :
--->
Geeky Rare-Earth Magnets Repel Sharks
Now you have something to tinker with.
-Diver too-
Edited - added---> Seems I guessed fine. Check US patent 7,302,905 for the range of frequencies plus details.