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Monetary Metals has funded a gold lease for Kavitha Gold and Diamonds, to supply jewellery inventory for the retailer’s expansion in the UAE. The company announced the deal on 27 October. It didn’t disclose the amount of gold, the lease term or the yield to investors.
Key Takeaways
Monetary Metals announced on 27 October 2026 that it funded a gold lease for Kavitha Gold and Diamonds, to finance jewellery inventory for its UAE expansion. It didn’t disclose the gold volume, term or investor yield.
It is the company’s third UAE jeweller deal of 2026, after Jawhara Jewellers in March and Bhima Group in August, according to its announcements.
In a lease, investors keep title to the gold and are paid in gold, while the jeweller stocks showrooms without buying the metal or taking price risk, Monetary Metals says.
The deal
Kavitha traces its origins to 1976 in South India. It operates 12 showrooms in India and two in Dubai and Sharjah, and plans further UAE expansion through 2027. Kavitha Gold and Diamonds LLC is its UAE operating subsidiary.
The lease lets Kavitha stock new showrooms without spending its cash on the full gold requirement, which leaves more working capital for premises and staff, according to the announcement.
Keith Weiner, Monetary Metals’ chief executive and founder, said a gold lease “lets them stock their new showrooms with physical gold without tying up cash or taking on price risk.”
A Kavitha director said the company hopes to do more business with Monetary Metals as its expansion continues into 2027.
How a gold lease works
Under Monetary Metals’ model, investors keep title to their gold while a qualified business pays for its use. Monetary Metals keeps a spread, and investors receive payments in gold, so reinvesting them can increase their ounce holdings over time. Leased metal is restricted until the lease matures, and investors remain exposed to changes in gold’s dollar price.
For this lease, Monetary Metals cites RFID tracking and daily inventory reporting from TJS, which it acquired in July 2026 in an all-share deal valued at $28.5 million. The company’s wider controls include assessing the borrower’s financial strength and requiring insurance and ongoing reporting. The announcement doesn’t name the investors.
Three UAE jeweller deals in 2026
Monetary Metals announced a 15,515-ounce lease to Jawhara Jewellers in March, according to company-published coverage. On 17 August it announced a 13,500-ounce lease for Bhima Group’s showrooms in Abu Dhabi, Ajman, Dubai and Sharjah, reported by AOL. Bhima’s chairman, Dr B. Govindan, called it the group’s first gold leasing partnership.
Kavitha’s is the first of the three with no disclosed size.
What’s next
The announcement doesn’t say how much gold Kavitha will lease, for how long, or what investors will earn. It doesn’t name the investors or say how many showrooms the lease will stock. All three UAE deals are reported through Monetary Metals’ own announcements.
FAQs
What is a gold lease?
An arrangement in which investors provide physical gold to a business for a fee. In Monetary Metals’ model, investors keep title and are paid in gold, and the business returns gold, not dollars.
How much gold is Kavitha leasing?
Not disclosed. The announcement gives no volume, term or yield.
Who is Kavitha Gold and Diamonds?
A jeweller founded in 1976 in South India with 12 showrooms in India and two in Dubai and Sharjah.
What other UAE jewellers has Monetary Metals leased to this year?
Jawhara Jewellers (15,515 ounces, March) and Bhima Group (13,500 ounces, August).
Do investors face price risk?
Yes. Monetary Metals says investors remain exposed to changes in gold’s dollar price, while the jeweller avoids it.
Editor’s Take: Three UAE jewellers have now financed showroom inventory through gold leases announced by the same company this year, two with disclosed sizes and Kavitha’s without. The model lets a retailer hold stock in ounces without paying cash for the metal, with the price exposure sitting with the investors. Monetary Metals doesn’t name those investors or the yields they receive in the Kavitha deal.