A farmer in Madhya Pradesh discovered a high-quality diamond. The farmer discovered the 11.88-carat diamond in a mine in Panna, according to reports. The diamond is said to be worth Rs 50 lakhs.

It is not the first time that a precious stone has been discovered. In February of this year, a resident of Panna town discovered a 26.11-carat diamond in a mine in the district. The man ran a small-scale brick kiln operation.

Panna is well-known for its diamond mines.

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Panna is a district in Madhya Pradesh’s impoverished Bundelkhand region.

The farmer, Pratap Singh Yadav, discovered the diamond in a mine in the district’s Patti area.

According to news agency PTI, the farmer works as a labourer.

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Diamond officer Ravi Patel provided this information to the media on Wednesday. The diamond will now be put up for sale, and the price will be set in accordance with government regulations.

Pratap Singh Yadav told the news agency, “I am a poor man with a small agricultural land. I also work as a labourer. I have been working hard in this mine for the past three months and got this diamond and deposited it to the Diamond Office.”

The farmer stated that the money he would receive from the diamond auction would be used to educate his children and start a business. Patel told reporters that the government would pay the farmer the proceeds of the auction after deducting royalties and taxes.

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Panna district is estimated to have 12 lakh carats of diamond reserves.

A diamond is typically extracted from the earth’s crust and then polished into a gleaming and elegant diamond. Diamond cutting is a process that necessitates the use of cutting-edge technology, equipment, and skilled hands.

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After the diamond has been polished, it can be set in rings, earrings, necklaces, and other jewellery.

One of the reasons diamonds are so expensive is because of this entire process.

Furthermore, the size and quality of the diamond influence the price. These are the factors that contribute to the high cost of diamonds.