India's Only Industrial Diamond Mine Sells 8,000 carats Online

March 10, 2022 / www.idexonline.com / Article Link

(IDEX Online) - India's only industrial diamond mine sold over 8,000 carats in an e-auction, though it did not disclose prices or further details.There are over 1,000 licensed artisanal mines in the country, but only the state-run Majhgawan mine, in the central state of Madhya Pradesh, is mechanized.Mining at Majhgawan (pictured) has been stopped several times over the last 50 years because of environmental concerns by the National Wildlife Board.The mine, estimated to have reserves of 34m carats, belongs to India's state-owned National Mineral Development Corporation (NMDC) and was operated until 2017 by Rio Tinto. The 8,337 carats sold were recovered before one such closure in December 2020.

Recent News

Energy outperforms gold and tech for first time in years

March 23, 2026 / www.canadianminingreport.com

Gold stocks crash along with metal price

March 23, 2026 / www.canadianminingreport.com

Mining stock ETFs slide, gold sector valuations high

March 16, 2026 / www.canadianminingreport.com

Rise in oil price a potential net gain for Canada

March 16, 2026 / www.canadianminingreport.com

Gold stocks slump partly on fears of cost increases

March 09, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok