NMDC Ltd chairman and managing director Amitava Mukherjee shows off some of the diamonds mined by the state-owned miner from its Panna diamond mine in Madhya Pradesh.
Hyderabad: State-owned miner NMDC Ltd has successfully auctioned off 2,050 carats of diamonds mined from its Panna mine in Madhya Pradesh at its latest auction, with an 8.12-carat gem-quality stone drawing the highest bid amount of Rs 57 lakh, the company said. The diamonds placed on the block were mined between 2024 and March 2026 with the average realisation from the quantity sold at about Rs 32,700 per carat. NMDC said output from its Panna operation stood at around 8,000 carats between April and October 2026.
NMDC chairman and managing director Amitava Mukherjee said the response to the auction reflected the quality of Panna’s resources and confidence of domestic diamond traders in the company’s offerings. He said the sale also reaffirmed Panna’s role in NMDC’s diversified mining portfolio.
