Connect with us

Hi, what are you looking for?

Latest News

Indebted Indian laborer finds life-changing $100,000 diamond

A debt-ridden laborer in central India said his family’s life has been “changed forever” after he unearthed a 19.22-carat diamond worth almost $100,000.

Raju Gond normally makes about $4 a day taking whatever work comes his way to provide for his large family, working in fields or diamond mines in his home state of Madhya Pradesh, or as a tractor driver for a wealthier farmer.

But the 40-year-old and his younger brother Rakesh sometimes pay $9.50 a day to dig for gold in a 64-square-meter (690-square-foot) plot of government land.

And it was there that he made his fortuitous find. After laying his hands on the stone on Wednesday, he said, his heart raced as he cleaned the dirt off it. With every stroke of his finger, the stone shone brighter and brighter.

He and Rakesh hugged and jumped in delight. They got onto their bike and hurtled 7 miles (11 kilometers) back home from the shallow mine in Krishna Kalyanpur to share the news with their family. They then took their mother along to the local Panna Diamond Office to have the stone evaluated.

Gond may have the weather to thank for his good fortune.

Two months ago, monsoons descended upon the region, washing away many work opportunities. Rather than sit at home, the family felt compelled to search for diamonds.

“What we have to do is fill in a form, give identification proof, provide photos and pay 800 rupees ($9.50) to the government,” Gond explained. “When we are done searching there we can apply again to search for diamonds on another patch of land.”

Singh, the diamond examiner, said the government leases shallow mines to families who want to look for the gemstones, under the supervision of local officials. The government takes an 11.5% royalty for any find, plus a small tax, and gives the remaining amount to the person who found it.

The diamond office will wait for the value of its inventory to exceed $360,000 before holding an auction, Singh said, after which Gond will receive his payout.

“Right now, we have diamonds worth half that amount,” he said.

Planning for the future

Gond has opened a bank account and is eagerly waiting for the money to be credited. “Our lives have changed forever,” he said.

“The first thing I’ll do is pay back debt of ($6,000). Then we will invest in all children getting educated, building homes, buy some land and maybe a tractor too,” he said.

Lately, he said, it has been hard to make ends meet. His family includes his parents, wife, seven children, and the families of his younger brother and sister.

When he was growing up, his father and grandfathers would tell Gond stories of people who found diamonds in the soil, “and how the fate of the family had changed after that.” Today, he says, he has his own story to share.

And on Friday, the brothers were back at the mine.

This post appeared first on cnn.com

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Investing

    Overview Rua Gold (CSE:RUA,OTC:NZAUF,WKN:A4010V,OTCQB:NZAUF) is a gold exploration company focused on two prolific, historic gold-producing regions in New Zealand: Hauraki Goldfield and Reefton Goldfield....

    Economy

    The Israel Defense Forces (IDF) announced the death of Fuad Shukr, the Hezbollah commander who was behind a drone strike that killed 12 children...

    Latest News

    Two men kiss on a Parisian bridge. The camera later jumps to a trio embracing passionately in a room, before the door shuts. These...

    Editor's Pick

    President Biden found himself in a growing political crisis Wednesday as Democrats on Capitol Hill, the high-dollar donor community and even members of his...

    Disclaimer: wisetradeinvesting.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 wisetradeinvesting.com