Panna: Diamarareans from Gujarat, Delhi, Mumbai, Hyderi and other parts of the country tend to participate in the auction in Panna Madhya Pradesh from September 21 where a total of 139 rough diamonds with the estimated value of RS 1.06 Crore will be auctioned, an official said on Sunday.
The diamond, collectively with a weight of 156.46 carats, excavated from the mine in this district, officers Diamond Panna Ravi Patel to the media on Sunday.
Carat is a mass unit that matches 200 milligrams and is used to measure diamonds and other gems.
These precious stones also include diamond carat 14.09, which was discovered by workers in februrary this year and remained unsold at previous auctions, he said.
It is expected to be the main attraction and can take around Rs 70 Lakh, officials said, adding that it would be the biggest gem to put for auction this time.
According to officials, the results of raw diamond auctions will be given to their respective miners after reducing royalties and government taxes.
In February, a worker and partner found 12.09 rust in diamonds in the mine they took near Krishna Kalyanpur Village in this district.
Panna District, located more than 380 km from Capital State Bhopal, has a backup that is expected to contain 12 lakh rust diamonds, officials said