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.
MP farmer finds Rs 60 lakh diamond! Turns millionaire overnight financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
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.
Lakhan Yadav: MP farmer becomes millionaire after finding Rs 60 lakh diamond in a mine indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Farmer Turns Millionaire After Extracting Rs 60 Lakh Diamond In MP This is God s gift. I will use the money from the proceeds for the education of my children, said the farmer who found the 14.98 carat diamond in a mine
PTI 15 December 2020 PTI 2020-12-15T12:21:17+05:30 Farmer Turns Millionaire After Extracting Rs 60 Lakh Diamond In MP outlookindia.com 2020-12-15T12:22:51+05:30
A farmer from Madhya Pradesh has become a millionaire after finding a 14.98 carat diamond which has fetched Rs 60.60 lakh at an auction, officials said on Tuesday.
Overall, 74 diamonds of total 129.83 carats were sold during the three-day auction conducted by the diamond office, which comes under the district administration, here last week, they said.