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 confirmed.
Panna’s Mining and Diamond Officer Santosh Singh said the money from the sale would be given to Motilal Prajapati after reducing taxes and royalty. Motilal Prajapati, along with four others, had taken mine on lease in Krishna Kalyanpur area in Panna and had unearthed the diamond, the biggest found in these parts, Mr. Singh confirmed. Rahul Agrawal, a resident of Jhansi in Uttar Pradesh, bought the diamond, Mr. Singh added.
The auction took off on Friday with 160 diamonds with a total weight of 203 carats going under the hammer.
Meanwhile, another person Radheshyam Soni on Saturday found an 18.13-carat diamond in the Krishna Kalyanpur area of Panna, Mr. Singh said the state. He said Radheshyam Soni deposited the diamond with the Mining and Diamond Office and it would be put up for sale in the 2nd auction Panna is approx to have diamond reserves of 12 lakh carats.