Dec 12 2015
Brazil Minerals, Inc. (the "Company" or "BMIX") announced today that it had submitted two polished diamonds for the ongoing single stone auction sale run by Rapaport Auctions in New York, NY and Ramat Gan, Israel. Rapaport Auctions is a division of the Rapaport Group, a premier diamond service provider founded in 1976.
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.
About Brazil Minerals, Inc.
Brazil Minerals, Inc. (OTC: BMIX) is a U.S. holding company with Brazilian mining properties that produce rough diamonds, gold, and sand, and a business that manufactures and sells mortar. More information on BMIX can be found at www.brazil-minerals.com.