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Brazil Minerals Inc. (OTCMKTS:BMIX) announced that it’s submitted two polished diamonds to Rapaport Auctions’ ongoing single-stone auction sale. Rapaport Auctions is a division of Rapaport Group.
Brazil Minerals Inc. (OTCMKTS:BMIX) announced that it’s submitted two polished diamonds to Rapaport Auctions’ ongoing single-stone auction sale. Rapaport Auctions is a division of Rapaport Group.
As quoted in the press release:
Both gems submitted were mined at BMIX’s properties, cut and polished in Brazil, then exported to the U.S. and graded and certificated at a Gemological Institute of America (GIA) analytical laboratory. BMIX could have sold the gems in Brazil to a jewelry chain without the need for certification, or to private buyers in the U.S. The Company chose to utilize Rapaport Auctions as an initial test of a new potential sales channel, since Rapaport has over 13,000 registered clients and provides sellers with exposure to their gems at one or more major diamond centers — U.S., Israel and Hong Kong.
Besides placing polished diamonds at auction, BMIX and Rapaport have ongoing discussions for further collaboration regarding rough diamonds.
Click here to read the full Brazil Minerals Inc. (OTCMKTS:BMIX) press release.