Madhya Pradesh News: Labourer, who earns ₹800 daily, discovers 19.22-carat diamond worth ₹80 lakh

Hailing from Madhya Pradesh, 40-year-old Raju Gond and his younger brother Rakesh work in the fields and diamond mines to support their family.

Written By Sudeshna Ghoshal
Published26 Jul 2024, 01:59 PM IST
Madhya Pradesh News: Labourer, who earns  <span class='webrupee'>₹</span>800 daily, discovers 19.22-carat diamond worth  <span class='webrupee'>₹</span>80 lakh
Madhya Pradesh News: Labourer, who earns ₹800 daily, discovers 19.22-carat diamond worth ₹80 lakh(Representative image: Pexels)

A debt-ridden labourer in Central India had his life “changed forever,” after he unearthed a 19.22-carat diamond worth $95,500, or 80 lakh.

Hailing from Madhya Pradesh, 40-year-old Raju Gond and his younger brother Rakesh work in the fields and in the diamond mines to provide for their family. They earn around 800 daily to dig for gold in a 690-square-foot plot of government land. They were mining on a plot in Krishna Kalyanpur when Raju “made his fortuitous find”, reported CNN.

Also Read | Madhya Pradesh news: Women protesters ‘buried’ in gravel. Here’s why

Gond could tell that the rock he had laid his hands upon had to be a diamond, given its spectacular shine. “It shone spectacularly; I knew it was a diamond right then!” Gond told CNN.

Soon after, the Gond brothers got onto their bikes and travelled home to share the news with their family. Later, the duo took their mother to the local Panna Diamond Office to have the stone evaluated.

The diamond examiner, Anupam Singh, told CNN  it is “a white diamond of 19.22 carat.” It was valued at about $95,500. Panna, the city in Madhya Pradesh, is known for its rich diamond reserves, added the diamond examiner.

Also Read | Golkunda Diamond & Jewellery Q1 Results Live : profit rise by 709.79% YOY

Anupam Singh further recounted instances in the past when miners have found several diamonds here. “In 1961, someone found a 54.55-carat diamond, then in 2018, someone found a 42-carat diamond, and now this,” he said, adding that some miners had also found smaller diamonds earlier this year.

‘Felt compelled to search for diamonds’

The report also mentioned that the government leases shallow mines to families who want to look for gemstones under the supervision of local officials. According to Anupam Singh, the government takes an 11.5% royalty for any find and levies a small tax. CNN stated that the remaining amount gets credited to the miner.

Also Read | Madhya Pradesh govt says CBI needs written consent to probe state officials

According to the CNN report, the monsoon weather, which had washed away Gond’s work opportunities, actually proved to be a boon in disguise. “Rather than sit at home, the family felt compelled to search for diamonds,” mentioned the news report.

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:26 Jul 2024, 01:59 PM IST
Business NewsNewsTrendsMadhya Pradesh News: Labourer, who earns ₹800 daily, discovers 19.22-carat diamond worth ₹80 lakh

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Power Grid Corporation Of India share price

    338.70
    03:50 PM | 26 NOV 2024
    -4.15 (-1.21%)

    Adani Power share price

    437.75
    03:58 PM | 26 NOV 2024
    -9.1 (-2.04%)

    Bharat Electronics share price

    297.80
    03:54 PM | 26 NOV 2024
    5.35 (1.83%)

    GAIL India share price

    193.90
    03:54 PM | 26 NOV 2024
    -5.25 (-2.64%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Piramal Enterprises share price

    1,197.35
    03:47 PM | 26 NOV 2024
    89.55 (8.08%)

    Laurus Labs share price

    545.00
    03:29 PM | 26 NOV 2024
    12.85 (2.41%)

    Wipro share price

    589.05
    03:58 PM | 26 NOV 2024
    6.3 (1.08%)

    Federal Bank share price

    213.55
    03:51 PM | 26 NOV 2024
    0.55 (0.26%)
    More from 52 Week High

    Poly Medicure share price

    2,775.00
    03:29 PM | 26 NOV 2024
    -227.7 (-7.58%)

    Adani Green Energy share price

    899.40
    03:59 PM | 26 NOV 2024
    -68.25 (-7.05%)

    DCM Shriram share price

    1,160.00
    03:29 PM | 26 NOV 2024
    -67.3 (-5.48%)

    Fortis Healthcare share price

    664.60
    03:59 PM | 26 NOV 2024
    -36.15 (-5.16%)
    More from Top Losers

    Piramal Enterprises share price

    1,197.35
    03:47 PM | 26 NOV 2024
    89.55 (8.08%)

    Triveni Turbines share price

    824.30
    03:54 PM | 26 NOV 2024
    60.4 (7.91%)

    Capri Global Capital share price

    210.00
    03:29 PM | 26 NOV 2024
    15.35 (7.89%)

    Vodafone Idea share price

    7.53
    03:59 PM | 26 NOV 2024
    0.55 (7.88%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      78,555.00-1,090.00
      Chennai
      78,561.00-1,090.00
      Delhi
      78,713.00-1,090.00
      Kolkata
      78,565.00-1,090.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.92/L0.00
      Chennai
      100.90/L0.00
      Kolkata
      104.95/L0.00
      New Delhi
      94.77/L0.00

      Popular in News

        HomeMarketsPremiumInstant LoanMint Shorts