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Found in MP's Panna, Diamond Worth Rs 2 Crore Sold at Auction

The auction started on Friday with 160 diamonds with a total weight of 203 carats going under the hammer.

Updated:December 29, 2018, 11:17 PM IST
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Found in MP's Panna, Diamond Worth Rs 2 Crore Sold at Auction
The picture is used for representational purpose only. (Reuters)
Panna (MP): A 42.59 carat diamond found by a man in Madhya Pradesh's Panna district in October was on Saturday sold at an auction for Rs 2.55 crore, a senior official said.

Panna's Mining and Diamond Officer Santosh Singh said the money from the sale would be given to Motilal Prajapati after deducting taxes and royalty.

Prajapati, along with four others, had taken a mine on lease in Krishna Kalyanpur village and had unearthed the diamond, the biggest found in these parts, he said.

Singh identified the buyer as Rahul Agrawal, a resident of Jhansi in neighbouring Uttar Pradesh.

The auction started on Friday with 160 diamonds with a total weight of 203 carats going under the hammer, he said.

Meanwhile, another person, identified as Radheshyam Soni, Saturday found an 18.13 carat diamond in the Krishna Kalyanpur area of the district, Singh said.

He said Soni deposited the diamond with the Mining and Diamond Office and it would be put up for sale in the next auction.

Panna district in Madhya Pradesh is estimated to have diamond reserves of 12 lakh carats, officials said.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
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