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₹70,000 Crore Diamond Treasure Discovered in Madhya Pradesh Forest

₹70,000 Crore Diamond Treasure Discovered in Madhya Pradesh Forest

Diamond Treasure Discovered: It is known that the largest diamond deposits in Asia are in the state of Madhya Pradesh. These gemstone deposits were discovered in the Buxwaha forests, which are just 100 kilometers away from the Chhatarpur district center. Although this fact was discovered two decades ago, it has come to light recently. There are a total of more than 6 thousand kg of diamonds underground in these forests. Experts estimate that their market value is more than Rs. 70 thousand crores. It has been found that there are huge reserves of diamonds in the state of Madhya Pradesh.


Diamond Treasure Discovered in Madhya Pradesh

About 25 years ago, i.e. between 2000 and 2005, a survey was conducted in the Buxwaha forests, which are 100 kilometers away from the Chhatarpur district center, under the Bandar Diamond Project. When a company called ‘Rio Tinto’ conducted this survey, it was found that there were diamond deposits of about 3 crore carats. However, its value was estimated at Rs. 55 thousand crores at that time by the officials. But now its value is over Rs. 70 thousand crores.

 


Meanwhile, Rio Tinto, which discovered these diamond deposits in 2017, withdrew from the project. Two years later, in 2019, Essil Mining and Industries Limited, a company of the Aditya Birla Group, took over the lease of the site for 50 years. While a total area of ​​62.64 hectares was allocated for diamond mining, it was reported that RMIL was looking to mine 382.131 hectares of forest land and dump the debris. This has raised serious concerns among environmentalists and social activists.

They approached the Madhya Pradesh High Court saying that the trees should not be cut down . When clashes broke out at the excavations, the court stayed the diamond mining work in the Bakswaha forests. It is still going on. However, although these diamond deposits have the potential to bring huge profits to the area, there are concerns that the trees in the nearby forest area will have to be cut down, which will cause huge damage to the environment.

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