Panna part-time digger’s 19.22 diamond nets $111,000 at auction

 

A 19.22 carat diamond, recovered from a shallow mine by a part-time digger in India's Panna district, sold at auction for $111,000 (Rs 93,79,360).It was one of 29 diamonds sold by the Panna Diamond Office, as part of a deal in which farmers and laborers rent small patches of land from the government. The other 28 stones raised just over $28,000 between them.

Many of the stones recovered have failed to find buyers at the three-monthly auctions over the last two years, but demand picked up at this latest event, with large crowds of bidders in attendance.

Panna is said to be home to 1.2m carats. Part-time miners pay $2.70 for the rights to dig a 25ft square patch there and diamond finds are quite common.

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