SOURCE: Brazil Minerals, Inc.

Brazil Minerals, Inc.

June 10, 2013 09:00 ET

Brazil Minerals, Inc. Obtains Gemological Analysis of Its Recent Diamond Production

Expected High-Grades of "E" for Color and "VVS" for Clarity

SAO PAULO, BRAZIL--(Marketwired - Jun 10, 2013) - Brazil Minerals, Inc. (OTCQB: BMIX) ("BMIX"), a diamond and gold producer with resources and assets in Brazil, today announced results from a gemological analysis of approximately 300 carats of a recent rough diamond production lot from its Mineração Duas Barras Ltda. ("Duas Barras") diamond and gold processing plant. This analysis was done upon a request made by a high-end fine jewelry retailer and pre-approved diamond buyer, based in Milan, Italy. 

The analysis for shapes and recovery and the expected color and clarity after cutting and polishing was carried out by a gemological analytical practice in Nova Lima, state of Minas Gerais. The principal gemologist in charge of the analysis is certified by the Gemological Institute of America ("GIA"), and has over 28 years of experience in diamond evaluation and grading, having previously worked in the diamond trade in New York and Los Angeles.

The highest expected color in the sample presented by Duas Barras is "E", which corresponds to the second highest category in the GIA grading scale. Diamonds receiving color grades 'D", "E", and "F" are referred to as "colorless". The highest expected clarity in the sample is "VVS", which corresponds to the second highest category in the GIA scale. The first category is "IF", short for "internally flawless", and such gems are very rare. The term "VVS" (very, very small) indicates in such scale that it is "extremely difficult to see inclusion under 10X magnification". The shapes seen in the sample were categorized into sawables, makeables, and flats, and included many well-formed octahedrons and dodecahedrons.

Marc Fogassa, Chairman and CEO of Brazil Minerals, stated, "We are very pleased with the results of the gemological analysis of our sample production. The quality of the Jequitinhonha River rough diamond is well known. Having gemological reports from our rough diamond production at Duas Barras further facilitates any business relationship with sophisticated buyers," Fogassa concluded.

About Brazil Minerals, Inc.

Brazil Minerals, Inc. (OTCQB: BMIX), a U.S. corporation, is a diamond and gold producer with resources and assets in Brazil. Its mining assets include an interest in Duas Barras, a diamond and gold producing mine located in the state of Minas Gerais. BMIX is exploring for gold in the state of Amazonas, and has a healthy pipeline of other opportunities throughout Brazil. Its Brazilian headquarter is in São Paulo, the financial hub of Latin America, with an operational office in Belo Horizonte, the capital of the state of Minas Gerais, a name that means "General Mines", and serves as reminder of the strength of that premier region of Brazil for natural resources. More information on BMIX, including an investor presentation, can be found at www.brazil-minerals.com.

Safe Harbor Statement

This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Brazil Minerals, Inc.'s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Brazil, general economic conditions; geopolitical events and regulatory changes, availability of capital, the BMIX's ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

Contact Information

  • CONTACTS
    For the Company


    Marc Fogassa
    Chairman and CEO
    Brazil Minerals, Inc.
    324 South Beverly Drive, Suite 118
    Beverly Hills, CA 90212 USA
    Telephone: +1 (213) 590-2500
    Email Contact
    www.brazil-minerals.com

    For Investors

    John Mattio
    SVP
    MZ North America
    61 Broadway, 30th Floor
    New York, NY 10016
    Telephone: +1 (212) 301-7130
    Email Contact
    www.mzgroup.us