Panna farmer discovers a 7.44-carat diamond in a mine, his story will stun you

A farmer in Madhya Pradesh, India, stumbled upon a 7.44-carat diamond, his second discovery in three months. Dilip Mistry, who leases land for diamond excavation, previously found a 16.10-carat diamond in August. Both stones will be auctioned by t...

Reuters
Representative image
In a remarkable stroke of luck, a farmer in Madhya Pradesh's Panna district has unearthed a 7.44-carat diamond, his second such find in just three months.

Dilip Mistry, who has leased land in the Jaruapur area for diamond excavation, made the find on Saturday and promptly deposited the precious stone with the Panna Diamond Office.

This latest discovery follows Mistry's earlier find of a 16.10-carat diamond in August.


Anupam Singh, an official at the diamond office, confirmed that both diamonds would be put up for auction together. The office, which currently holds a collection of 79 diamonds totaling around 228 carats, is estimated to have a value of approximately Rs 3.53 crore.

Mistry, who began diamond mining with his associates during the COVID-19 lockdown, expressed his joy at the discovery, calling the experience "indescribable." He shared his plans for the earnings from these diamonds.

"The money earned from these diamonds will be used for the expansion of the mine, the future of our children, and farming," he said.
ADVERTISEMENT

The 7.44-carat diamond, while of average quality, adds to a growing list of valuable finds in the region.

According to Mistry, the group of miners, who collectively invested in the venture, have now deposited a total of seven or eight diamonds with the Panna Diamond Office.

In another significant discovery, a laborer in the area had found a 19.22-carat diamond earlier in July, further highlighting Panna’s reputation as a key hub for diamond mining in India.

Panna is a hotspot for gem hunters, offering hope for many in the region looking to strike it rich.
ADVERTISEMENT

(With inputs from PTI)
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › India › Panna farmer discovers a 7.44-carat diamond in a mine, his story will stun you
Text Size:AAA
Success
This article has been saved

*

+