Monetary Metals®, the global Gold Yield Marketplace® platform, announces that it has partnered with Bhima Jewels, LLC, ("Bhima") to provide gold lease financing. The lease provides 13,500 ounces of gold to finance inventory for Bhima's showrooms in Abu Dhabi, Ajman, Dubai, and Sharjah in the UAE.

Bhima Jewels is a leading brand under the Bhima Group, a major jewelry retailer with over 65 stores predominantly located in South India and operating for over 100 years. Bhima has operated in the UAE since 2015 and has established a strong regional presence there.

By utilizing Monetary Metals' innovative gold leasing platform, and recently acquired advanced tracking technology from asset assurance leader TJS Inc., Bhima can manage its inventory in ounces of physical gold that lessors retain title to and which are monitored in real time. This structure eliminates the price risk associated with buying gold outright or using traditional debt, allowing Bhima to scale its UAE operations efficiently, without unnecessary capital constraints.

This transaction expands Monetary Metals' dominance as the premier financing provider to the gold jeweler industry in the UAE. At the same time, it furthers its mission of putting the world's gold to work to generate a compounding yield, paid in gold, rather than laying idle, paying storage fees associated with conventional gold products.

 

Source: prnewswire.com

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