NMDC recovers a 27.29-carat diamond from Panna mining project

State-owned miner NMDC has recovered a 27.29-carat gem-quality diamond from its diamond mining project (DMP) in Panna, Madhya Pradesh.

It is the second-largest diamond recovered from the NMDC Panna mine and recovered on September 15. Based on its colour, carat weight and clarity (CCC), the initial estimated value of the 27.29-carat diamond is around Rs.1 crore. The final value will be determined through the prescribed evaluation and auction process, said the company, which is India’s largest iron ore miner.

The largest diamond recovered from NMDC’s Panna mine thus far has been a 34.37 carat of gem quality diamond. It was discovered in 2010 and subsequently sold for Rs 3.2 crore.

The company said its Panna operations have produced around 6,000 carats of diamonds up to August, contributing to the company’s diversified mineral portfolio.