NMDC recovers a 27.29-carat diamond from Panna mining project
The largest diamond recovered from NMDC’s Panna mine thus far has been a 34.37 carat of gem quality diamond. It was discovered in 2010 and subsequently sold for ₹3.2 crore.
NMDC, the largest iron ore miner in India, has recovered a 27.29-carat gem-quality diamond from its diamond mining project in Panna, Madhya Pradesh. This is the second-largest diamond extracted from the NMDC Panna mine, discovered on September 15. The estimated initial value of the rare gem is around Rs.1 crore, with the final value determined after the evaluation and auction process. The largest diamond recovered from the Panna mine was a 34.37-carat gem-quality diamond discovered in 2010, which was sold for Rs 3.2 crore.
The Panna operations have yielded approximately 6,000 carats of diamonds by August, adding to NMDC's diversified mineral portfolio. CMD Amitava Mukherjee expressed pride in the recovery of the 27.29-carat diamond, highlighting the dedication of the teams and India's mineral resources. The Panna mining project is a mechanised diamond mining operation in South Asia and one of NMDC's non-iron ore mining ventures.
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