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Major Gold Reserves Unearthed in Odisha: A Game-Changer for India’s Mining Industry

Odisha’s Gold Discovery Sparks Optimism for Growth in the Mining Sector, with Plans for Large-Scale Auction Underway

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Odisha has emerged as a promising new hub for gold mining, following the discovery of vast gold reserves across several districts. Bibhuti Jena, the state’s Mines Minister, confirmed the exciting find and announced ongoing exploration efforts. The state is set to hold a large-scale auction of gold mining blocks in the near future to capitalize on this newfound potential.

Key districts such as Sundargarh, Nabarangpur, Keonjhar, and Deogarh have been identified as hotspots for the gold reserves. Exploration is also expanding to regions like Malkangiri, Sambalpur, and Boudh, with more discoveries anticipated. In Mayurbhanj, areas like Jashipur, Suriaguda, Ruaansi, Idelkucha, Maredihi, Suleipat, and Badampahad are under investigation for their mineral potential.

One of the most notable discoveries has been in Deogarh district, specifically in Adasa-Rampalli, an area where gold traces had been found earlier. The Geological Survey of India (GSI) is actively conducting G-2 level exploration in this region, revealing the possibility of multiple mineral resources, including copper.

Keonjhar district is also a key focus for gold exploration, with surveys being carried out in areas like Gopur-Gazipur, Mankadchuan, Saleikana, and Dimirimunda. These efforts form part of Odisha’s larger strategy to develop its mining industry and fully utilize its untapped mineral wealth. The state government is closely involved, and the upcoming auction of gold mining blocks in Deogarh is seen as a major step forward.

The exploration is being carefully monitored by state authorities, the GSI, and the Odisha Mining Corporation, with technical committees set to review the final exploration reports to assess the viability of commercial mining. Early findings suggest promising potential, and final results are expected by the end of 2025.

This discovery further solidifies Odisha’s reputation as a mineral-rich state, while positioning India as a key player on the global mining stage. If the reserves prove commercially viable, the gold deposits could provide a significant economic boost, drawing both domestic and international investments into the country’s mining sector.

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National News

India’s Natural Diamonds Exports Lead In Value As Polished LGD Exports Overtake In Volume

Natural Diamonds Continued To Dominate In Overall Export Value Due To Their Substantially Higher Price Realization Per Carat.

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India’s export volume of polished lab growns has overtaken that of natural diamonds for the first time.India’s diamond export industry has crossed a historic threshold, with the volume of polished lab-grown diamonds surpassing natural diamonds for the first time. However, a massive pricing disparity ensures that mined gems still command the financial throne.

According to newly released data from the GJEPC for the fiscal year ending March 2026, lab-grown exports surged by nearly 31% to reach 18.84 million carats. Conversely, natural diamond exports contracted by roughly 4%, slipping to 16.00 million carats.

During the fiscal period, natural diamonds accounted for an export volume of 16.00 million carats, with an average price of $760 per carat, generating total fiscal revenue of $12.16 billion. In comparison, lab-grown diamonds recorded a higher export volume of 18.84 million carats; however, with an average price of only $60 per carat, they generated significantly lower total fiscal revenue of US$1.13 billion. While lab-grown diamonds surpassed natural diamonds in volume terms, natural diamonds continued to dominate in overall export value due to their substantially higher price realization per carat.

Despite the revenue gap, the volume flip highlights an astronomical growth trajectory; a decade ago, in fiscal 2015-16, India exported a mere 10,000 carats of lab-grown diamonds. Early data for April 2026 indicates this trend is locking in, with lab-grown volumes edging past naturals at 1.36 million carats to 1.34 million carats, respectively.

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