Panna labourer strikes it rich, unearths precious diamond

Image
Press Trust of India Panna (MP)
Last Updated : Oct 09 2018 | 11:55 PM IST

Motilal Prajapati might have never thought that lady luck will bring prosperity to his family much ahead of the festival of Diwali, as he Tuesday stumbled upon a 42.59 carat diamond, which the officials believe is the second biggest gem to be found in the famed Panna mines.

Though the diamond is yet to be valued, some local experts claimed that its cost lies somewhere between Rs 1.5 crore and 2.5 crore.

The biggest diamond of 44.55 carat had been found in Panna in 1961.

Anupam Singh, the Valuer at the Office of Panna's Diamond Officer, said Motilal Prajapati, along with four partners, had taken a mine on lease about a month ago at Krishna Kalyanpur village near the district headquarters.

"Prajapati reached the Diamond Officer's office this afternoon to deposit the gem. This 42.59-carat diamond is yet to be valued," he said.

Singh said the raw diamond would be auctioned in January next year and the proceeds would be given to Prajapati after deduction of the government royalty and taxes.

Prajapati said it was a happy moment for the entire family.

He said the money he would receive from auction would be useful for the better future of his children.

Prajapati also said that the money would be shared with all his three other partners.

On September 14 this year, a farmer had struck it rich when he found a 12.58 carat diamond with estimated value of about Rs 30 lakh while tilling land at Sarkoha village in Panna district.

The district is estimated to have reserves of 12 lakh carats of diamond.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 09 2018 | 11:55 PM IST

Next Story