{"id":28525,"date":"2022-03-10T15:24:41","date_gmt":"2022-03-10T09:54:41","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-nmdc-diamond-auction\/"},"modified":"2022-03-10T15:25:38","modified_gmt":"2022-03-10T09:55:38","slug":"biz-nmdc-diamond-auction","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-nmdc-diamond-auction\/","title":{"rendered":"NMDC conducts e-auction of 8,337 carats rough diamonds from Panna mines"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-493426183\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Mar 10 (PTI) State-owned NMDC on Thursday said it has conducted an e-auction of 8,337 carats rough diamonds produced at its Panna diamond mines in Madhya Pradesh.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2671380326\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>In a statement, the state-owned miner said the e-auction process received an overwhelming response from Diamond merchants of Surat, Mumbai and Panna.<\/p>\n<p>&#8220;NMDC conducted an e-auction for sale of rough diamonds produced at its Panna Diamond mines located in the state of Madhya Pradesh. About 8,337 carats of rough diamonds, produced prior to December 2020, were offered in the auction and almost 100 per cent of the quantity received winning bids,&#8221; it said.<\/p>\n<p>The company did not disclose further details on the e-auction process.<\/p><div class=\"trade-content_5\" id=\"trade-3393885682\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>NMDC&#8217;s diamond mining project at Majhgawan Panna happens to be the only mechanised diamond mine in the country.\u00a0 \tThe project is equipped with the facilities of the ore processing plant, including a heavy media separation unit, X-ray sorter for diamond separation and disposal system for tailings generated.<\/p>\n<p>Sumit Deb, CMD, NMDC, said, &#8220;We recently received an overwhelming response in the diamond auction conducted at Surat where almost 100 per cent of the offered quantity received bids from the diamond merchants&#8221;.<\/p>\n<p>NMDC has its diamond mine at Panna in Madhya Pradesh, which is the only state that accounts for 90 per cent of the total diamond resource of the country.\u00a0 \tThe company has a production capacity of 84,000 carats of diamond per year in Madhya Pradesh. PTI ABI  BAL BAL<\/p>\n<div class=\"trade-after-content\" id=\"trade-2353436518\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Mar 10 (PTI) State-owned NMDC on Thursday said it has conducted an e-auction of 8,337 carats rough diamonds produced at its Panna diamond mines in Madhya Pradesh. In a statement, the state-owned miner said the e-auction process received an overwhelming response from Diamond merchants of Surat, Mumbai and Panna. &#8220;NMDC conducted an e-auction [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-28525","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NMDC conducts e-auction of 8,337 carats rough diamonds from Panna mines - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-nmdc-diamond-auction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NMDC conducts e-auction of 8,337 carats rough diamonds from Panna mines\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Mar 10 (PTI) State-owned NMDC on Thursday said it has conducted an e-auction of 8,337 carats rough diamonds produced at its Panna diamond mines in Madhya Pradesh. 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