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Panna Diamond News The biggest diamond of 14Point 09 carats did not sell in the three day auction in Panna

Panna Diamond News The biggest diamond of 14Point 09 carats did not sell in the three day auction in Panna
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MP farmer turns millionaire after finding Rs 60 lakh diamond

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.

In auction hit by COVID-19 pandemic, diamond found by MP farmer sells for Rs 60 lakhs, over half go unsold

Updated Dec 15, 2020 | 16:06 IST The farmer s luck prevailed not just in finding the rare gem but also in the auction where most diamonds remained unsold. Panna, a diamond mine of yesteryears, still whips up a surprise every now and then. Madhya Pradesh farmer s diamond luck prevails at auction (Representative photo)  |  Photo Credit: iStock Images Key Highlights Panna was once a diamond mine that had earned great fame. Miners still find diamonds here, but the numbers are far fewer now. Panna district administration is about to set a Diamond Park and it already runs the annual auction of finds in Panna.

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