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.
Farmer hits jackpot after finding diamond
A farmer s life has been transformed after he found a diamond on his farm. Lakhan Yadav was working on his land in India when he stumbled across the gem. He had initially ignored it, thinking it was a pebble, but noticed it shining after rubbing the dirt off.
Yadav took the diamond to experts, who valued it at over six million rupees, the equivalent of PS60,000.
He explained that he will continue working on the farm despite his windfall and hopes to invest the money in his children s education.
He told The Times of India newspaper: It has changed my life.
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.