Wow! Madhya Pradesh miners find 10.69 carat diamond worth Rs 50 lakh in Panna

By: |
Published: July 21, 2020 8:06 PM

Anandilal Kushwaha (35), who has a lease of a mine in Ranipur area, has deposited a 10.69 carat diamond with the local diamond office (Hira Karyalaya).

Madhya Pradesh Diamond, Diamond, panna Diamond, biggest Diamond in world, Diamond size, biggest Diamond record, panna diamond mine, panna mine, diamond mine, 10.69 carat diamond, 10.69 carat diamond panna, 50 lakh diamond, Madhya Pradesh Madhya Pradesh Panna, Madhya Pradesh Panna diamond mine, Anandilal Kushwaha, Anandilal Kushwaha panna, Anandilal Kushwaha panna diamond, panna Hira Karyalaya, coronavirus, Bundelkhand diamond The precious stone will be auctioned and the proceeds will be given to the depositor after deducting government royalty and taxes, the official said.  (Representational image)

A 10.69 carat diamond, with an estimated value of Rs 50 lakh, was unearthed in a mine in Madhya Pradesh’s Panna district, an official said on Tuesday.

Anandilal Kushwaha (35), who has a lease of a mine in Ranipur area, has deposited a 10.69 carat diamond with the
local diamond office (Hira Karyalaya), Panna’s diamond officer R K Pandey said.

Kushwaha had also recently deposited a 70-cent diamond, he said, adding that this is the first big find after the coronavirus-induced lockdown was eased in the district.

The precious stone will be auctioned and the proceeds will be given to the depositor after deducting government royalty and taxes, the official said.

Although the diamond is yet to be valued, local experts claimed that it can fetch up to Rs 50 lakh based on its quality.

Kushwaha told reporters that he and his partners have been working hard for the last six months in the mine and were
thrilled about the find.

Panna district in the state’s Bundelkhand region is famous for its diamond reserves.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Congress revokes suspension of two Sachin Pilot camp MLAs ahead of Assembly session
2Month after revolt, Sachin Pilot and Ashok Gehlot come face to face at CLP meet in Jaipur
3Another record for PM Modi, overtakes Atal Bihari Vajpayee to become longest serving non-Congress Prime Minister of India