Saturday, 22 July 2017

Farmer in Madhya Pradesh’s Bundelkhand finds diamond worth $ 22,500

Suresh Yadav, a farmer from Madhya Pradesh’s Bundelkhand area was weary of his crop losses and invested a pittance in leasing a 8mx8m shallow mine from the government. He worked as a farm labourer during the day and dug for diamonds in the morning and evening. Last week the 40-year-old struck it rich when he dug out a pebble sized diamond. The 5.82 carat gem quality diamond is said to be worth at least $ 22,500 and has changed the poor farmer and his family’s life.

When someone finds a diamond here, it's not for keeps. Not right away. After the victory dance that the finder presumably does, it is deposited with the 'district diamond officer' in Panna, who auctions it. The state keeps 11.5% of the proceeds; the rest goes to the finder.
If no one buys the stone, the finder can buy it for 11.5% of the expected price. This story of rags to riches is not the first in the area. Last year another farmer found a diamond that was twice as big as Yadav’s.

More often than not the news from Madhya Pradesh's Bundelkhand region is about farmers committing suicide as changing weather patterns have brought lingering drought and crop failures.