Diamond they dug makes two miners crorepatis

India

30 Dec 2018

Happy new year, indeed: Dug-out diamond makes two laborers crorepatis

In a fortunate turn of events, two poor miners of Madhya Pradesh's Panna district became crorepatis as the diamond they dug out was sold at an auction for Rs. 2.55 crore on Friday.

The miners, Raghuveer and Motilal Prajapati, had gotten their hands on the stone in October, just days before Diwali, and before the New Year starts, they got the reward.

Here's what happened.

Finding diamond

Fed up of poverty, laborers headed to Panna

Fed up of poverty, laborers headed to Panna

Motilal was upset with poverty and headed off to Panna, where scores of people try their luck in the shallow diamond mines.

However, he didn't imagine his finding would change his life forever. "Mazaa aa gaya," a jubilant Motilal had said then.

As per rules, the stone (whose size matched a pebble) was deposited at the district administration for auction.

Money

The diamond was sold for Rs. 2.55 crore

A Jhansi jeweler and a BSP leader from Uttar Pradesh made a bid of Rs. 6 lakh per carat. The 42.9-carat diamond fetched Rs. 2.55 crore.

Santosh Singh, the diamond officer of Panna, said the bidder has given 20% of the amount and will give the rest after delivery.

After deducting 12% royalty and other taxes, the money will be transferred to them.

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Plans

Children's education and repaying loans on miners' mind

Children's education and repaying loans on miners' mind

Notably, the men didn't attend the auction. In the evening, they broke into a celebration and distributed sweets.

They said they can finally educate their children with this money. Motilal added Raghuveer needed the money to repay debts.

The miners would share an amount of Rs. 2.30 crore, approximately.

Singh said the money would not take longer than a month to reach them.

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BSP

Diamond Mines

Madhya Pradesh

Motilal Prajapati

New Year

Raghuveer

Santosh Singh

Uttar Pradesh

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Most asked questions

Where did the miners find the diamond?

What was the cost of the diamond?

Who purchased the diamond?

How much money will the miner get?

More questions

Where did the miners find the diamond?

Asked 2018-12-30 19:46:32 by Cheshta Gupta

Answered by NewsBytes

The miners found the diamond in Panna.

What was the cost of the diamond?

Asked 2018-12-30 19:46:32 by Hansika Yadav

Answered by NewsBytes

The diamond fetched Rs. 2.55 crore after the auction.

Who purchased the diamond?

Asked 2018-12-30 19:46:32 by Pari Kapoor

Answered by NewsBytes

A jeweler from Jhansi and a BSP leader from Uttar Pradesh purchased the stone at Rs. 6 lakh per carat.

How much money will the miner get?

Asked 2018-12-30 19:46:32 by Hansika Bose

Answered by NewsBytes

The miners will get Rs. 2.30 crore approximately.

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