RapNet


Rapaport News

 

Polished Markets

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Brazil Minerals Sells First Batch of Polished Diamonds to Local Jeweler

Feb 25, 2014 3:09 PM   By Jeff Miller
Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Brazil Minerals Inc. sold the first round of cut and polished diamonds from its Duas Barras processing plant in Brazil to an unnamed jewelry chain, according to a regulatory filing. The mining firm added that the retail chain purchased the diamonds without requiring Gemological Institute of America (GIA) certificates. The amount of the sale was not provided.

Marc Fogassa, the CEO of Brazil Minerals, explained,  "We're delighted with this sale because it provides a logistically easy outlet for our future diamond production. We have now sold polished diamonds both with and without GIA certification, in both the U.S. and Brazil. Having a jeweler as sophisticated as this buyer wanting our product opens up new distribution opportunities for us and is very good news for our company."

Brazil Minerals mines diamonds and recently took up cutting and polishing some of its inventory for sale. The mining firm also produces gold, titanium, vanadium and iron ore.

Tags: brazil, diamonds, Jeff Miller, jewelers
Similar Articles
Rapaport LogoRapaport Weekly Market Comment
Oct 15, 2020
Rising expectations for US holiday season. Retailers beginning early promotions...
Drop in India’s Exports Eases Further
GIA Unveils New Lab-Grown Reports
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us