STOCK MARKET BSE NSE

Luck shines on Madhya Pradesh farmer as he mines 11.88 carat diamond in Panna

A farmer in Madhya Pradesh had a great stroke of luck as he stumbled upon a 11.88 carat good quality diamond in a small, leased mine in Panna, famous for diamond mines.

Published: 04th May 2022 07:33 PM  |   Last Updated: 04th May 2022 07:33 PM   |  A+A-

Diamond

For representational purposes (Photo | PTI)

By PTI

PANNA: A farmer in Madhya Pradesh had a great stroke of luck as he stumbled upon a 11.88 carat good quality diamond in a small, leased mine in Panna, famous for diamond mines.

The small-time farmer, Pratap Singh Yadav, who also works as a labourer, found this diamond from a mine in Patti area in the district, diamond officer Ravi Patel told reporters on Wednesday.

This good quality diamond will be put up for sale in the upcoming auction and the price will be fixed as per the government guidelines.

Talking to reporters, Yadav said, "I am a poor man with a small agricultural land. I also work as a labourer. I have been working hard in this mine for the past three months and got this diamond and deposited it to the Diamond Office."

The money received from the auction of this diamond will be used for setting up a business and to fund the education of his children.

According to private estimates, the diamond may fetch more than Rs 50 lakh at the auction.

Officials said that the raw diamond would be auctioned and the proceeds would be given to the farmer after deduction of the government royalty and taxes.

Panna district is estimated to have diamond reserves of 12 lakh carats.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp