Odd Lots The Jeweler From Uncut Gems Explains Why People Go Crazy For Gold And Diamonds
Feb 24, 2020
Maksud Agadjani, founder of TraxNYC and a star in Uncut Gems, dives deep into the glittering world of jewelry. He shares his journey from eBay seller to prominent jeweler and discusses how gold has shifted from mere luxury to a smart investment. The conversation also unpacks the motivations behind buying jewelry, whether for beauty or investment, and the crucial role trust plays in these purchases. Agadjani highlights the revolutionary impact of 3D printing in jewelry design, and the changing perceptions among younger consumers.
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Maksud's Movie Role
- Maksud Agadjani, a jeweler, landed a role in the movie Uncut Gems.
- The filmmakers needed someone who looked authentic for a Diamond District showroom scene.
From eBay to Empire
- Maksud Agadjani started in the jewelry business by selling pieces from Canal Street on eBay.
- He would buy the jewelry only after selling it online, effectively minimizing his initial risk.
Boosting Margins
- To increase profit margins in jewelry, learn to manufacture instead of wholesaling.
- This involves learning casting, setting, sourcing diamonds directly, and more.