Brazil Minerals, Inc. (OTC: BMIX) is a U.S. publicly-traded company with current revenues from sales of rough and polished diamonds, gold, and sand. Our intention is to continue to grow and become a premier diversified and profitable company focused on Brazil. We believe that our team is our main strength. In our team, we combine over 100 years of deep Brazilian business expertise and strong American experience in finance, private equity & venture capital. Our goal is to become an attractive and liquid alternative for investment in Brazil, the 6th largest global economy.
The company has recently concluded the build-out of a facility for cutting and polishing diamonds. Currently, a percentage of the rough diamonds mined at the company's property are directed to this facility and the result is a steady supply of polished diamonds. Such polished diamonds sell for 5 to 15 times the price of rough diamonds. Because of the fine quality of its gems, BMIX sells its polished diamonds ungraded to a marquee 11-store jewelry chain in Brazil that has been operating since 1944. Other polished diamonds are exported to the U.S. for grading and certification at the Gemological Institute of America (“GIA”) before being sold to private investors. The GIA is the diamond industry’s premier laboratory for grading and certification. In August 2014, the Gemological Institute of America (“GIA”) visited MDB’s facilities. This is a huge step that illustrates the quality of the Company’s diamond products.
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