Brazil Minerals Sells Diamonds to US-based Investor Group

Brazil Minerals Inc. (OTCQB:BMIX) announced the sale of a lot of diamonds graded by the Gemological Institute of America to a US-based investor group. The diamonds are for future delivery.

As quoted in the press release:

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.

Click here to read the full Brazil Minerals Inc. (OTCQB:BMIX) press release.