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, the buyer is a major regional jeweler with 11 retail outlets in Brazil.
Brazil Minerals has now sold polished diamonds, both with and without GIA certification, in the U.S. and Brazil. Conducting business with this sophisticated buyer opens up new distribution opportunities for the company and provides a logistically easy outlet for future diamond production.
A U.S. corporation, Brazil Minerals is a diversified mining company with revenue from the sale of rough and polished diamonds and gold, and with ownership of interests in gold, titanium, vanadium and iron in Brazil. For more information, visit www.brazil-minerals.com.
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