This Odd Lots podcast episode interviews Maksud Agadjani, founder of TraxNYC, a New York City jewelry dealer, about the current gold market and the jewelry industry. The conversation covers the reasons for gold's recent price surge, the impact of lab-grown diamonds on the diamond market, and the challenges of running a jewelry business in the Diamond District, including hiring trustworthy employees. Agadjani explains that gold's value remains stable despite price fluctuations, making it a safe investment, and that the jewelry industry benefits from higher prices as consumers associate them with higher quality. He also discusses the changing trends in luxury watch and jewelry purchases, noting the increasing popularity of showing wealth through accessories.
