Firewood Collector Stumbles on $25,000 Diamond

By John Jeffay / August 01, 2022 / www.idexonline.com / Article Link

(IDEX Online) - A villager collecting firewood in India stumbled on a 4.39-carat rough diamond valued at $25,000.Genda Bai, 45, was working in forest in Purusottampur, in the central state of Madhya Pradesh, when she made the find.It's an area where informal diggers routinely pay for the right to dig a small patch of land in search of diamonds - but simply finding a diamond lying on the ground, as in this case, is highly unusual.The diamond will now be auctioned by the state government, which takes 11.5 per cent in royalty and taxes. The remainder will go to Mrs Bai, who told reporters it would pay for a house and for her two daughters to be married.Pic shows Genda Bai and (inset) her 4.39-ct diamond.

Recent News

Market still expecting strong growth for major gold producers

July 27, 2026 / www.canadianminingreport.com

Newmont starts Q2/26 strong, growth expected for gold majors

July 27, 2026 / www.canadianminingreport.com

Gold not the consensus play anymore

July 20, 2026 / www.canadianminingreport.com

Gold stocks drop to lowest levels this year

July 20, 2026 / www.canadianminingreport.com

A rebalancing of gold's ratios versus major commodities

July 14, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok