Brazil Minerals, Inc. (BMIX) Completes Sale of Polished Diamonds to Major Regional Jeweler in Brazil
Diversified Brazilian mining company Brazil Minerals announced it has sold its first lot of cut and polished diamonds from its Duas Barras plant to a Brazilian jewelry chain. Brazil Minerals derives its revenues from both polished and rough diamonds as well as gold and has ownership interests in gold, titanium, vanadium, and iron projects. Cut and polished diamonds from Duas Barras are ordinarily exported to the United States for grading and certification at the Gemological Institute of America (GIA). The Brazilian jeweler that purchased this lot of diamonds, however, chose to buy them without GIA certification. In business since 1944,…