SOURCE: Brazil Minerals, Inc.

Brazil Minerals, Inc.

November 13, 2014 09:00 ET

Brazil Minerals, Inc.'s GIA Graded Diamonds Reach Average of $3,250 in Rapaport Value per Carat

New Sales Channel Launched

BELO HORIZONTE, BRAZIL--(Marketwired - Nov 13, 2014) - Brazil Minerals, Inc. (OTCQB: BMIX), (the "Company" or "BMIX"), a U.S. holding company with revenues from gold and diamonds, announced today that diamonds obtained from its mining production during 2014, after being cut and polished at its own facility and graded at the Gemological Institute of America ("GIA"), had achieved an average value of $3,250 per carat according to the Rapaport scale. This amount compares very favorably to the $130 per carat seen in sales of rough diamonds from its mine, which follows closely the global pricing for rough diamonds.

The Rapaport valuation guide is the most widely used pricing measure for polished diamonds in the industry; the valuation of a gem takes into account its shape, size, color, and clarity. Buyers and sellers usually negotiate a final transactional price based on the Rapaport value.

Given the established quality of its polished diamonds, in the last two weeks the Company sold ungraded polished diamonds to knowledgeable private buyers in Brazil. These buyers expressed further demand for the Company's polished diamonds and therefore a new channel for sales has been created. Additionally, the Company periodically sells GIA-graded polished diamonds to U.S. private buyers and ungraded polished diamonds to an 11-store jewelry chain in Brazil that has been in operation since 1944 and caters to the high-end market.

On September 12, 2014, BMIX finalized the acquisition of 100% of Mineração Duas Barras Ltda. ("MDB"), a Brazilian miner and producer of diamonds (both rough as well as its own cut and polished), 96%-purity gold bars, and high quality, industrial-use sand. MDB has a fully-operational mining concession, the largest alluvial processing plant for diamonds and gold in Latin America and the Brazilian federal permit to export its production.

About Brazil Minerals, Inc.

Brazil Minerals, Inc. (OTCQB: BMIX) is a U.S. holding company with revenues from gold and diamonds and ownership of interests in projects in diamonds, gold, high quality sand, titanium, vanadium and iron in Brazil. In particular, BMIX fully owns Mineração Duas Barras Ltda. ("MDB"), a Brazilian producer of diamonds (both rough as well as its own cut and polished), gold bars, and sand. MDB has a fully-operational mining concession, the largest alluvial processing plant for diamond and gold in Latin America, and the permit to export its production. More information on BMIX 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, 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.

Cautionary note regarding estimates of Indicated and Inferred Mineral Resources of Diamonds and Gold as found in MDB's NI 43-101 Technical Reports.

We advise U.S. investors that while these terms and amounts are recognized by Canadian regulations, the U.S. Securities and Exchange Commission ("SEC") does not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into mineral reserves as defined by the U.S.'s Industry Guide 7.

Cautionary note regarding estimates of Mineral Reserves of Diamonds and Gold as found in MDB's Bankable Feasibility Study.

We advise U.S. investors that while these terms and amounts are recognized by Brazilian regulations, the SEC does not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in this category will ever be converted into mineral reserves as defined by the U.S.'s Industry Guide 7.

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