State-Owned NMDC Successfully Auctions Thousands of Carats from Panna Diamond Mine
State-owned NMDC announced the successful sale of 2,050 carats of diamonds from its Panna mine in Madhya Pradesh during its 392nd auction. Approximately 60 participants, primarily from Mumbai and Surat, engaged in the bidding process. An 8.12-carat gem-quality diamond achieved the highest individual price of Rs 57 lakh. NMDC Chairman and Managing Director Amitava Mukherjee stated that the robust response highlights resource quality and the domestic trade's confidence. The Panna site represents India's sole mechanised diamond operation and Asia's largest facility of its kind.
Originally published by Moneycontrol | 8 November 2026 | Read original: https://www.moneycontrol.com/news/business/companies/psu-nmdc-auctions-over-2-000-carats-of-panna-diamonds-14074872.html
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