Akay Diamonds is described publicly as a family-owned jewelry business run by brothers George and Freddy Akay, who are widely reported as the owners and founders of the brand.

Who owns Akay Diamonds?

Most recent coverage and jewelry-industry profiles state that George Akay and Freddy Akay are the key figures behind Akay Diamonds, operating it as a family business in New York City’s Diamond District.

They are described as brothers who design, manufacture, and sell custom diamond jewelry, including engagement rings and eternity bands, and are portrayed as the family that owns and operates the Akay Diamonds retail and wholesale operation.

What kind of business is it?

Akay Diamonds is presented as a designer and retailer specializing in custom- made diamond jewelry, particularly bridal pieces and other diamond-focused designs.

Sources also note that the Akay family runs the business out of multiple locations in the New York Diamond District and that they are involved in both retail sales and diamond wholesaling.

Recent trending context

In early 2026, Akay Diamonds has been in the spotlight because of viral clips showing TraxNYC owner Maksud Agadjani confronting the store over an alleged gold and branding scam, which pushed the question “who owns Akay Diamonds” into trending searches.

Despite the controversy and online debates about the incident, coverage still consistently identifies the business as owned and run by brothers George and Freddy Akay, without any public indication of a different corporate owner.

TL;DR: Akay Diamonds is a family-run jewelry business owned and operated by brothers George and Freddy Akay, known for custom diamond jewelry in New York’s Diamond District.

Information gathered from public forums or data available on the internet and portrayed here.