Panna, located in the backward region of Bundelkhand, is famous for its diamond mines.
For Yadav, who is a small farmer with a two-acre land, this was the first diamond extraction.
“I am happy. This is God’s gift. I will use the money from the proceeds for the education of my children,” an elated Yadav told reporters on Monday.
District Collector Sanjay Kumar Mishra said during the auction last week, 74 diamonds of 129.83 carats were sold collectively for Rs 1.65 crore.
Overall, 203 diamonds of 269.16 carats were put up for auction, but 131 of them could not be sold. These diamonds would be auctioned next year, he said.