A stunning 19.22-carat diamond, discovered by a part-time miner in India’s Panna district, recently sold for an impressive $111,000 (Rs. 93,79,360) during a organized auction.
This exceptional gemstone was the highlight of an auction where 29 diamonds were sold, collectively generating over $139,000. While this single diamond accounted for the bulk of the revenue, the remaining 28 stones together brought in just over $28,000. The event marked a notable rebound in interest, attracting a large number of bidders and signaling renewed demand after a slowdown in recent years.
The Panna district, home to an estimated 1.2 million carats of diamond reserves, operates a unique system allowing farmers and laborers to lease 25-square-foot plots for around $2.70 to try their luck in mining. Such finds are not uncommon, and the allure of potentially striking it rich continues to draw many part-time prospectors to the area.
This latest discovery follows a similar success in February 2022, when a 26.11-carat diamond sold for $193,000 at auction. Events like these underscore the lucrative opportunities the shallow diamond mines of Panna can offer, transforming the lives of those fortunate enough to uncover these hidden treasures.
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