Editor’s Note
A three-day diamond auction in Panna concluded with the sale of a 32.80-carat diamond for ₹2.21 crore, highlighting the continued allure and significant value of high-quality gemstones in the market.
Largest 32.80-carat diamond sold for 2.21 crore
The three-day open diamond auction at the Diamond Office in Panna concluded on Friday. The largest diamond, weighing 32.80 carats, was sold for Rs 2,21,72,800. This diamond belonged to Swami Din Pal, a resident of Narangi Bagh.
Collector’s statement on the auction
Panna Collector Suresh Kumar stated:
“Diamonds obtained from mines were deposited at the Diamond Office in Panna. The auction of those diamonds was scheduled from December 4 to 6 at the Joint Collectorate Building in Panna.”
Total auction details: 230.81 carats, approx. 5.38 crore
A total of 86 diamonds were auctioned. Traders from across India, including Mumbai and Surat, along with local people, arrived in Panna to participate. The total weight of the diamonds auctioned was 230.81 carats, fetching an estimated price of approximately Rs 5,38,62,233.
Buyer’s perspective on the largest diamond
Diamond buyer Satyendra Jadia said:
“In this auction, I purchased the largest diamond of 32.80 carats. I am a resident of Panna itself. We will cut and polish this diamond in Panna and sell it. Panna is the land of priceless gems, and buying this diamond brings great joy. We, a group of 8-10 people, pooled resources to buy the diamond.”
Finder’s plans for the proceeds
The diamond finder, tool-wielding miner Swami Din Pal, explained:
“The diamond was found with great effort. For this, first a lease was obtained from the Diamond Office, then a mine was set up on my private farm. When the diamond was found, it was deposited at the Diamond Office. The diamond has been sold today, and I am very happy. The money received from the diamond will be used for family sustenance and children’s education. Also, I will buy some land because I have very little land.”
