A group of curious, funny and interesting individuals get together and decide to make a movie and reach a location. All their plans get interrupted by the residential ghost who has a penchant for movies. It is fun and exciting to watch how they struggle to get rid of the ghost and how their movie finally looks like.

Kaalicharan (Chaitanya Krishna), the son of tahsildar, who earns the wrath of the villain (Pankaj Kesari) for refusing to toe their line. The situation becomes even worse when Kaalicharan's sister is defiled by the right hand man of the villain. In troublesome situations, a politico, played by Rao Ramesh takes him under his wings.

Starring Ram Karthik and Abhinav Sardhar, 'Peanut Diamond' is being directed by Triparna Venkateswara Rao. Peanut Diamond is an action drama film where greed is in the air in place of love. A notorious tale where the greed of diamonds ruins the whole concept of emotions. There is no theme of antagonist and protagonist in this film, but the victor is the one who manages to get his grubby hands on the diamonds.