Jewels of the Nizams
The Jewels of the Nizams of Hyderabad State are among the largest and richest collection of jewels in present-day India.[1] The jewels belonged to the Nizams. After merger of their kingdom, the Nizam and his heirs were barred by the Indian government from removing the collection, claiming it was a national treasure. The heirs eventually were forced to sell it at a much reduced price.
Once the Nizams' state regalia the ornaments date from the early 18th century to the early 20th century. Crafted in gold and silver and embellished with enameling, the jewels are set with Colombian emeralds, diamonds from the Golconda mines, Burmese rubies and spinels, and pearls from Basra and the Gulf of Mannar.
There are 173 jewels, which includes emeralds, some of them Colombian, which together weigh nearly 2,000 carats (0.40 kg), and pearls exceeding 40 thousand chows. The collection includes gemstones, turban ornaments, necklaces and pendants, belts and buckles, earrings, armbands, bangles and bracelets, anklets, cufflinks and buttons, watch chains, and rings, toe rings, and nose rings. Among them is the seven-stringed Basrah pearl necklace, known as Satlada, which has 465 pearls embedded in it.
History of the jewels
In 1995, the Indian government finally bought the jewels for 218 crore (about US$70 million), many years after the death of Mir Osman Ali Khan in 1967. In reality, the Nizam's trustees agreed to sell the famous collection to India in lieu of tax. At first the government tried to buy the collection for less than $25 million.[2] Fifteen years later India's Supreme Court finally fixed a price of about $65 million, much less than the $350 million the family (and the auction house Sotheby's) estimated the jewels were worth.[3] Sole legitimate heir Mukarram Jah's share of the sale was $20 million, but lawsuits from the Nizam's illegitimate descendants have ensured that he has never seen the money, as "the case disappeared down the black hole of India's imponderable legal system."[3]
References
Notes
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- ↑ http://www.independent.co.uk/news/world/nizams-heirs-end-wrangle-for-treasure-1568364.html
- ↑ 3.0 3.1 http://www.guardian.co.uk/g2/story/0,3604,497496,00.html
Further reading
Jewels of the Nizams (Hardcover) by Usha R. Krishnan (Author)ISBN 81-85832-15-3 [1]
