NMDC discovers 27.29-carat diamond at Panna mine, its 2nd largest yet
NMDC Limited, a Hyderabad-based PSU, discovered a 27.29-carat gem-quality diamond at its Panna mine in Madhya Pradesh, marking its second-largest find ever from the site. The diamond is estimated to fetch between Rs 1 crore and Rs 2.5 crore at auction.
Why it matters
This significant discovery highlights India's mineral wealth and NMDC's role in domestic high-value mineral sourcing, potentially boosting the company's revenue and contributing to the national economy.
Hyderabad: A sparkling 27.29-carat gem-quality diamond has been discovered at NMDC Limited’s Panna mining project in Madhya Pradesh, giving the Hyderabad-based Navratna PSU one of its biggest finds yet and marking the second-largest diamond recovered from the mine in the company’s history.The diamond was recovered on Sept 15, 2026, from NMDC’s Majhgawan mine in Panna. The company’s largest diamond discovery at the site remains a 34.37-carat gem-quality stone that was recovered in 2010 and later sold for Rs 3.2 crore.NMDC officials indicated that the newly recovered diamond has initially been estimated to have a minimum auction price of around Rs 1 crore, based on its colour, carat weight, clarity and S-shape characteristics, but the final value could rise to Rs 2 crore to Rs 2.5 crore depending on the prescribed evaluation and auction process.The Panna project is one of NMDC’s non-iron ore mining operations and is the only mechanised diamond…
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