PSU NMDC auctions over 2,000 carats of Panna diamonds
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓State-owned NMDC sold 2,050 carats of diamonds at its latest auction from the Panna mine.
- ✓An 8.12-carat stone got the highest price of Rs 57 lakh.
- ✓NMDC Chairman Amitava Mukherjee said, "The encouraging response to our Panna diamond auction reflects the quality of our resources and the domestic diamond trade."
Story at a Glance
- Category
- Indian Markets
- Reported By
- MoneyControl
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
State-owned NMDC has sold 2,050 carats of diamonds at its latest auction from the Panna mine in Madhya Pradesh, with an 8.12-carat gem-quality stone fetching the highest price of Rs 57 lakh, the company said. The 392nd auction saw 13,177 carats of diamonds offered for sale, including 5,031 carats of gem-quality stones. Around 60 customers, mainly from Mumbai and Surat, participated in the auction. The diamonds were mined between 2024 and March 2026. The average realisation stood at around Rs 32,700 per carat of diamonds sold. NMDC mined around 8,000 carats of diamonds between April and October 2026, reflecting the output of its Panna mine.
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