Nivoda, the B2B diamond and gemstone marketplace, has secured a $60 million financing facility from i80 Group to provide embedded trade credit to jewellery retailers across more than 70 countries.
The deal addresses a critical shortage of working capital in the diamond industry after traditional lenders retreated from the sector, leaving small and mid-sized retailers struggling to finance inventory purchases.
For more than a decade, the industry has faced a liquidity crunch as banks scaled back exposure to diamond financing. At the same time, demand for personalised and bespoke jewellery has surged, intensifying the need for smaller jewellers to access diverse supplier networks without restrictive cash flow constraints.
Nivoda’s platform, founded in 2017, enables retailers to source diamonds and gemstones from multiple international suppliers in a single transaction, offering 2.5 million certified stones, lab-grown diamonds, made-to-order jewellery and integrated logistics. The new facility will expand financing options across the jewellery supply chain, moving beyond diamonds into the wider jewellery ecosystem.
Since launch, Nivoda has achieved sustained triple-digit year-on-year growth, supplying millions of stones and jewellery pieces worldwide in as little as a few hours. Its customers include online and brick-and-mortar brands such as Taylor & Hart, Melanie Casey and Flawless Fine Jewellery.
CEO and founder David Sutton said the financing will allow the company to reshape how retailers access capital: “While traditional lenders have reduced their exposure to the diamond trade, this agreement allows us to work with an institutional lender who aligns financing with real trading flows and buyer engagement. It gives jewellers the flexibility to grow without being held back by cash flow.”
Through Nivoda Capital, the company offers integrated payment terms of 30, 60, or 90 days, allowing jewellers to free up working capital, manage seasonality, and match financing to bespoke production timelines.
Oakmont Jewelers customer Austin Cordle said: “Nivoda’s credit line has taken the pressure off cash flow and made it easy to secure the inventory I need, exactly when I need it. That freedom has helped me grow faster and focus on closing sales.”
Edward Goldstein, Managing Director at i80 Group, said: “By connecting retailers and suppliers on a truly global scale, Nivoda has redefined how the diamond and gemstone trade operates. We’re proud to provide financing that reflects marketplace realities, helping Nivoda and its partners expand responsibly.”
Headquartered in London and New York, Nivoda now employs staff across 25+ countries including India, South Africa, Hong Kong and Dubai. The company has raised $96 million in equity to date, including a $51m round led by Northzone, and continues to scale as one of the most significant disruptors in the diamond and jewellery trade.
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Nivoda secures $60m financing facility to ease jewellery retailers’ working capital crunch