Bay State Diamond Co. of Brazil, S. A. - 1908 Diamond Mining Stock Certificate - Rare Topic
Inv# MS2380 Stock
Diamond Company. Gorgeous condition. Very rare topic. From 1730 to 1870, Brazil was the world's largest producer of diamonds. The initial mining operations began in the Serra da Canastra and Diamantina regions, and later expanded to Bahia in 1850. The high volume of diamond production during this period led to a global drop in diamond prices due to the oversupply.
Today, Brazil continues to be a significant diamond producer, though its output is now around 1 million carats annually. The primary diamond-producing state is Minas Gerais, but mining also occurs in Mato Grosso, Mato Grosso do Sul, Bahia, Paraná, and Roraima. Diamonds are found in virtually all states of Brazil, reflecting the country's extensive diamond resources.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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