Brazil Minerals Selling Diamonds To US Investors
January 08, 14
(IDEX Online News) – Brazil Minerals Inc. has announced the sale of an unspecified quantity of diamonds graded by the Gemological Institute of America (GIA) to a US-based investor group. The diamonds are for future delivery.
“A few weeks ago, BMIX publicly announced the valuation results from its first lot of GIA-graded polished diamonds, which were produced from the company’s Brazilian operations.
“Shortly thereafter, the company received an unsolicited initial offer from a U.S. group that expressed an interest in buying significant amounts of GIA-graded polished diamonds regularly.”
Marc Fogassa, chairman and CEO of Brazil Minerals, commented: “We are a young company, essentially only one year old with the current team and focus, and now we have revenues from both polished and rough diamonds, as well as gold. And these revenues now come from both the United States and Brazil. It is a good progression.”