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| Sapphire corundum worth one cr auctioned | | | Early Times Reporter
Jammu | Mar 12
Over Rs one crore rough sapphire corundum (Neelam) was sold at an auction organized by J&K Minerals here today.
Minister for Industries and Commerce Mr. Nawang Rigzin Jora presided over the function.
About 17 kg of rough sapphire corundum (Neelam) which was mined out during last three years from sapphire mines of Paddar in Kishtwar district was kept for auction. The auction process of the sapphire has been done after two decades. As many as 72 bidders from across the country including some NRIs took part in the auction.
Speaking on the occasion, Mr. Jora thanked the bidders for their participation in the auction. He said that the peacock neck blue colour sapphire gem is pride of J&K. “Such auctions would help in promoting this vital product of the state throughout the world”.
Secretary Industries and Commerce Dr. Pawan Kotwal, S. Surjeet Singh Anand Managing Director and other officers of JK Minerals were present on the occasion.
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