MUMBAI, June 29: Thousands of people have been flocking to a beach in India’s financial hub in a manic diamond rush, but police said on Wednesday the stones were fakes and warned them to stay away after one treasure hunter was drowned.

Beggars, hawkers, street children and even housewives and tourists have been arriving at Mumbai’s Juhu beach, scouring the sands for glittering stones for the past three days.

The treasure seekers are on the sand from early in the morning, witnesses and police said, sifting through the gravel looking for precious stones. Many even continue their search into the night, searching by torchlight.

“We heard people found diamonds on the beach,” said Dhruv, a 15-year-old boy who sells newspapers on Mumbai’s commuter trains. “So I came here with my friends and we have found more than fifty diamonds which we managed to sell.”

Police, however, said the stones were fake and warned people not to venture out onto the beach, particularly during the high tide. But the warnings have apparently had little effect.

While local jewellers were reported as saying that the stones were worthless, crowds on the beach said they had been sold for 300 to 1,500 rupees ($7 to $375).

Theories on the source of the stones vary.

Some believe that they could be part of smuggled loot which was lost in the Arabian Sea and washed up on the beaches, while others say they are props left behind after a recent Bollywood film shoot.—Reuters