The Jeweler From Uncut Gems Explains Why People Go Crazy For Gold And Diamonds
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 24 February 2020
⏱️ 45 minutes
🧾️ Download transcript
Summary
One of the best recent movies was Uncut Gems, in which Adam Sandler plays a Diamond District jeweler with an addiction to gambling and risk. It turns out, one of the workers in Sandler's shop was played by an actual, real-life jewelry dealer. On this week's episode, we speak with Maksud Agadjani, the founder and owner of TraxNYC, which sells a range of items, from traditional bracelets and necklaces to highly customized, 3D-printed items for celebrities. Agadjani talked to us about the movie, the business of gems, and why people will spend wild sums on his flashy items.
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Transcript
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| 0:00.0 | Business stories aren't just about business. They're also about policy, politics, finance, and more. |
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| 0:24.7 | Bloomberg in-car apps are sponsored by interactive brokers. Hello and welcome to another episode of the Odd Lots Podcast. I'm Tracy Allaway. |
| 0:45.0 | Tracy Allaway. |
| 0:48.0 | Tracy, I have an apology I think I have to make to. |
| 0:53.0 | Oh, this is exciting. |
| 0:55.0 | Okay, go on. |
| 0:56.0 | Well, you know how like I sometimes accuse you of being |
| 1:01.0 | secretly a gold bug and stuff like that and sometimes I like troll you |
| 1:07.3 | nicely about your dad being a gold bug and stuff like that and being super into |
| 1:12.2 | hoarding physical gold and jewels and gems and stuff like that? |
| 1:16.0 | I'm not sure it's trolling if it's true in the case of my dad. |
| 1:21.0 | He definitely is a gold bug, what are you what exactly are you |
| 1:25.0 | apologizing for no I've also accused you of like secretly being that even if you |
| 1:30.0 | don't admit it I'm really. Look I'm not a gold bug but I'm not going to |
| 1:36.0 | turn down when people give me gold as a present. Okay okay that's fair enough but |
| 1:42.4 | I've got your sort of I don't know, okay, I'll move on, but I've always sort of suspected you have those leanings. |
| 1:48.0 | Anyway, the reason I have to apologize is because I'm coming around to that view myself and I myself are I am kind of becoming a closet or maybe out of the closet goldbug myself. |
| 2:01.3 | Isn't this like the third time you've changed your opinion on gold? |
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