The Nizams of Hyderabad amassed a spectacular collection of high-value diamonds, many of which originated from the legendary Golconda diamond mines. Renowned for their exceptional clarity and size, Golconda diamonds are among the most prized precious stones in the world.

GOLCONDA DIAMOND MINES

Important to note that starting with the Asaf Jah 1 the first Nizam of Hyderabad (1724), the Golconda diamond mines were under the control of the Nizam dynasty. While diamond mining at the Golconda mines, had past its peak by then – Golconda diamonds were still found in river beds and streams, they would then belong to the treasury of the Nizam.

DIAMONDS OF THE NIZAMS

The diamond collection with the Nizam kept growing through the years, this continued until the reign of Asaf Jah 7 ended in 1948. Hyderabad then became a part of India, a number of Nizam treasures were taken over by the government of India. It is true that a number of diamonds and jewels from the Nizam collection, remain unaccounted for until today. The Nizam’s often transferred, sold or gifted diamonds without making an official note or record. Stories that sound more like fairytales, are sometimes spread about, elusive Golconda diamonds from the collection of the Nizams. It is no surprise that such stories, attract considerable attention. However seasoned diamond collectors and reputed auction houses, reveal their opinions only when, the actual diamond and related certifications are open to inspection.

DIAMONDS, STATUS AND WEALTH

Diamonds were a status symbol, a mark of wealth and power. The treasury of the Nizam’s wore some of those diamonds, but these precious stones were more than just lavish showpieces. While a portion of these gems adorned lavish jewelry and opulent turban ornaments, others were given as gifts of goodwill to strengthen diplomatic ties or show favor. Some diamonds even served as a form of currency—used in high-level transactions and payments, reflecting the immense wealth and influence of the Nizam dynasty.

DIAMONDS FOR PAYMENT

Some reports narrate that Asaf Jah 2 the second Nizam of Hyderabad, sought military support from the French. The Nizam agreed to financially compensate the French for this support. It is claimed that, a rare blue diamond from the Golconda mines which was part of the Nizam’s treasury, was given to the French as a mode (part or full) of payment. This relates to the military support that the French would provide to the Nizam.

GOLCONDA DIAMONDS TODAY

Today, Golconda diamonds with a documented connection to the Nizams are highly sought after by collectors, historians, and connoisseurs alike. With commercial mining in the Golconda region having ceased centuries ago, these diamonds have become exceedingly rare. Known for their exceptional purity and legendary brilliance, the rarity and high per-carat value of Golconda diamonds remain undisputed — a legacy etched in the annals of gem history and royal heritage.