NewsPhotogalleryindia 27.29-Carat Diamond Found In Panna: NMDC Makes Its Second-Biggest High-Quality Discovery
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NMDC has discovered a 27.29-carat diamond at its Panna mine in Madhya Pradesh. The rare stone could be worth around Rs 2 crore, but its final value will be decided at auction
How is a diamond’s value determined? A diamond’s final value is not determined immediately after it is recovered from a mine. Before it goes to auction, the stone undergoes a detailed evaluation, during which its weight, colour, clarity, shape and overall quality are assessed. It is then graded and assigned an estimated value. Some reports have put the possible value of the 27.29-carat diamond at around Rs 2 crore. However, this is only an estimate. The final price will depend on the stone’s actual grade and characteristics, as well as the price it fetches at auction. Its exact selling price will be known only after the auction.NMDC’s only diamond mining project: The Panna Diamond Project at Majhawan in Madhya Pradesh is NMDC’s only diamond mining operation. The public sector company is primarily known for iron ore mining but also operates in the diamond sector through this project. According to government information, the Panna project has an annual production capacity of around 84,000 carats. It also has the distinction of being the country’s only mechanised diamond mine, using modern mining and processing technology to extract diamonds on a commercial scale. (AI IMAGE)Panna’s long history of diamond mining: Panna is considered one of India’s important natural diamond-producing regions. NMDC began exploration and mining activities in the district in the 1960s and later started commercial mechanised diamond production in the Majhawan area in the early 1970s. Over the years, the project has developed systems to process the ore extracted from the mine. Since diamonds occur only in small quantities within the raw ore, efficient processing is crucial to separate and recover the precious stones. NMDC currently processes both freshly mined ore and previously stockpiled ore at the Panna project. (AI IMAGE) The Panna project uses modern technologies to separate diamonds from the mined ore, including Heavy Media Separation and X-ray Sorting. These systems help identify diamonds and separate them from other material during processing. The project has produced several valuable diamonds over the years, and the latest 27.29-carat discovery adds to that record. The recovery of another large stone in a relatively short period has renewed attention on the project’s diamond resources and operations. While NMDC remains primarily an iron ore producer, the company also has operations involving other mineral resources. The actual value of the latest diamond will become clearer after its evaluation, grading and auction are completed. (AI IMAGE)
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State-owned mining giant NMDC (National Mineral Development Corporation) has discovered a 27.29-carat diamond at its Majhawan diamond mining project in Panna district, Madhya Pradesh. The company described it as one of the most significant diamond discoveries in the history of its Panna operations. The latest find has once again put the project in the spotlight for producing a large, high-quality diamond. (AI IMAGE)
