NEW YORK — November 10, 2026 — JPalmer Collective (JPC), an asset-based lending firm specializing in customized financing solutions for high-growth companies, today announced the closing of a $7 million working capital line of credit with Gems One, a national supplier of fine jewelry, gemstones, and diamonds to independent retailers across the United States. The new asset-based credit facility replaces Gems One’s prior line of credit and provides expanded flexibility to support inventory, sourcing, and continued growth.
The transaction reflects continued momentum in asset-based lending for specialty industries, where flexible, relationship-driven capital is increasingly valued over traditional bank financing. For jewelry suppliers in particular, working capital flexibility is critical to managing diamond and gemstone sourcing, seasonal inventory cycles, and growing demand from independent retailers nationwide.
“Gems One has built a strong business by focusing on quality, consistency, and a deep understanding of what independent retailers need,” said Jennifer Palmer, founder and CEO of JPalmer Collective. “This was a relationship-driven transaction from the start. We know and trust the team, and we were able to structure a financing solution that supports both their current operations and future growth plans. That mutual trust is ultimately what made JPC the right financing partner for them.”
The facility gives Gems One more flexibility to manage day-to-day operations and to support inventory and sourcing as the business continues to grow. Gems One is known for supplying fine jewelry, gemstones, and diamonds alongside marketing programs tailored to independent jewelers.
“We were looking to refinance our existing facility and went to JPC based on our prior relationship,” said Anuj Jain, CEO at Gems One. “We already knew and trusted the team, and the practical, flexible terms they developed for us made the decision easy. We look forward to growing with JPC as our partner.”
This investment builds on JPC’s portfolio of fast-growing companies and continues the firm’s commitment to providing customized asset-based financing solutions, especially in situations where a more traditional approach may fall short.
Frequently Asked Questions
What did JPalmer Collective announce?
On November 10, 2026, JPalmer Collective (JPC), a New York-based asset-based lending firm, announced the closing of a $7 million working capital line of credit with Gems One, a national supplier of fine jewelry, gemstones, and diamonds to independent retailers across the United States.
Who is Gems One?
Gems One is a national supplier of fine jewelry, gemstones, and diamonds. The company focuses exclusively on supporting independent jewelry retailers across the United States through high-quality products, reliable sourcing, and strategic marketing programs tailored to independent jewelers.
What will Gems One use the $7 million line of credit for?
The new asset-based credit facility replaces Gems One’s prior line of credit and expands its working capital flexibility. The financing supports day-to-day operations, inventory, diamond and gemstone sourcing, and growth initiatives as Gems One expands its role as a trusted partner to independent jewelers nationwide.
Why did Gems One choose JPalmer Collective as its lender?
The transaction was driven by a long-standing relationship between the JPC and Gems One leadership teams, along with competitive, flexible terms. Gems One CEO Anuj Jain said the company went to JPC to refinance its existing facility based on that prior relationship and the practical terms JPC developed.
What is asset-based lending?
Asset-based lending (ABL) is a form of commercial financing in which a loan or line of credit is secured by a company’s assets, such as inventory or accounts receivable. JPalmer Collective uses asset-based lending to provide customized financing to high-growth companies that fall outside traditional lender criteria.
Why is working capital flexibility important for jewelry suppliers?
For jewelry suppliers, working capital flexibility is critical to managing diamond and gemstone sourcing, seasonal inventory cycles, and growing demand from independent retailers. Flexible, relationship-driven asset-based financing is increasingly valued over traditional bank financing in specialty industries like fine jewelry.
Who is JPalmer Collective?
JPalmer Collective is a specialty asset-based lending firm founded in 2023 by Jennifer Palmer, a commercial finance veteran and former president of SFNet. JPC provides customized commercial finance solutions to women-led businesses, high-growth consumer brands, and companies focused on sustainability and inclusivity.
About JPalmer Collective
JPalmer Collective is a specialty asset-based lending (ABL) firm providing customized commercial finance solutions to high-growth companies that fall outside traditional lender criteria. Founded in 2023 by Jennifer Palmer, a commercial finance veteran, former president of Secured Finance Network (SFNet), and an Inc. Female Founders 2026 honoree, JPC delivers white-glove service and a consultative approach to women-led businesses, high-growth consumer brands, and companies focused on conscious consumers, sustainability, and inclusivity. The firm is a leading voice on women’s access to capital and on financing strategies for emerging consumer and food and beverage brands. Learn more at jpalmercollective.com.
About Gems One
Gems One is a national supplier of fine jewelry, gemstones, and diamonds, focused exclusively on supporting independent jewelry retailers through high-quality products and strategic marketing programs. The company is committed to delivering exceptional value, reliable sourcing, and meaningful business support to its partners across the United States.
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