Core Insights - Rachna Goldar, a laborer from Panna district, discovered eight diamonds in her leased mining plot, with six being of gem quality totaling 2.53 carats, and the largest weighing 0.79 carats [1][9] - The diamonds will be auctioned, marking the first instance in 2025 where eight diamonds have been deposited at once, surpassing the previous record of seven [2][9] - The auction will incur a 12.5% deduction from the final price, which includes an 11% royalty and a 1.5% tax, with the remaining amount transferred to Rachna's bank account [3][9] Industry Regulations - Panna is the only diamond-producing district in India, where mining leases are granted for both government and private lands [6][10] - For government land leases, applicants must provide an Aadhaar card, three photographs, and a Rs 200 challan, with leases typically issued within 20 days [6][10] - Private land leases require additional documentation such as a rental agreement or sale deed, along with landowner consent [7][10] Auction Process - Once diamonds are found, they must be deposited at the local diamond office for auction, which attracts major traders from cities like Gujarat, Mumbai, Delhi, and Hyderabad [8][10] - Auctions are conducted every three months, with the government deducting approximately 12% from the final auction price as revenue [8][10] - The diamond office in Panna has been operational since 1961 and serves as the central hub for diamond trade in the region [8][10]