TraxNYC Founder Maksud Agadjani Publicly Accused Contender of Fraud
Youtube Screenshot/IBTimes UK

Few figures in New York's Diamond District provoke as much attention as TraxNYC. Known for his celebrity clients and viral confrontations, he recently sat down with Patrick Bet-David to share how he built his empire.

From immigrant beginnings to handling a $22,000 (£16,290) Instagram feud, TraxNYC's journey blends ambition, strategy and survival in a ruthless industry.

From Azerbaijan to the Diamond District

TraxNYC, born Maksud Agadjani, arrived in the United States from Azerbaijan in 1993 with his family. 'I had one foot in, one foot out. I didn't even know if I could have a business,' he said, recalling the uncertainty of his early years. He began photographing jewellery and selling online before eventually sourcing gold from Canal Street. By his late teens, he was running his own small operation without partners.

He admitted to early missteps. 'My prices were too low, my profits weren't high enough. I believed too many people who were disgusting and they took advantage of me,' he said. Watching business icons such as Warren Buffett helped him rethink strategy. 'Stop selling things that are giving you a headache. Keep your business profitable and in the green,' he explained, emphasising the need to focus on products and margins, not volume alone.

TraxNYC's rise depended heavily on social media and transparency. He shared, 'I started doing social media, I started getting popular, I filled up the exchange with great neighbours.' By documenting sales, explaining gold purity and showcasing custom work, he attracted international clients and established his booth as a destination in the exchange.

He also noted the importance of community: 'I bring a customer here, I bring a customer there. We all work as one normal community.' But visibility brought its own challenges. Competitors resented his success, and some tried to impersonate his brand to steal customers. 'These rats have done this for years. They see I was successful and they want to prey on that,' he said.

The Dispute That Went Viral

The viral Instagram clip that captured millions of views stemmed from a feud with neighbouring jewellers who misrepresented themselves as TraxNYC's brand. On New Year's Eve, a customer approached him after allegedly being sold a misrepresented bracelet. TraxNYC acted immediately: 'I give him $22,000. I said you're made whole. That's it.'

The confrontation escalated physically when he went to the neighbouring booth. 'I get behind the counter and I go to war. These people are doing nasty, sneaky shit,' he said. Tests revealed the bracelet was actually 10-karat gold, not the advertised 14-karat, exposing the deception. The video of the altercation racked up tens of millions of views and forced the NYPD to respond, though it was ruled a civil matter because he had made the refund.

TraxNYC framed the incident as a stand for integrity. 'Tell me one bold-faced lie to my face that you didn't do this or that. That's what you're gonna get from me every time,' he said.

Lessons From Fame, Feuds and Survival

Despite the drama, TraxNYC remains committed to the Diamond District. 'I like the community. I'm better off in my own space but I like that place,' he said. He emphasised the ruthlessness of the environment: 'People that have been successful for years in that business are some of the most ruthless people ever in jewellery. Wherever they could lie to you, they lie. Wherever they could fool you, they fool. 100 per cent of the time.'

His own philosophy prioritises trust, profitability and focus. 'Volume is not business. Profit is business. Keep your profits high on things you can sell,' he said. For TraxNYC, the viral showdown was less about embarrassment and more about exposing unethical behaviour. 'You can't copy accountability. You can't copy responsibility. That's what makes me different,' he concluded.

In a market built on glitter and exclusivity, TraxNYC's story highlights the harder truths of success: courage, strategy and unwavering principles matter more than flash.