Overview

• The 11.95-carat stone, valued at over ₹40 lakh, was unearthed by Madhav on July 9 at a shallow leased pit in Krishna Kalyanpur Patti.
• The diamond has been lodged with the Panna district diamond office and is set to be auctioned under government oversight.
• Under official rules, Madhav will receive 12.5% of the final sale price, potentially netting him around ₹5 lakh.
• Panna district combines NMDC’s mechanized mining with shallow pits leased for roughly Rs 250, reflecting its estimated 12 lakh carat reserves.
• Last year’s 19.22-carat gem and June’s 2.69-carat find underline the region’s geological richness and opportunities for artisanal miners.